Northwestern Mutual Wealth Management Co. Acquires 9,830 Shares of Canadian Pacific Kansas City Limited $CP

Northwestern Mutual Wealth Management Co. grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,126 shares of the transportation company’s stock after purchasing an additional 9,830 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Canadian Pacific Kansas City were worth $4,795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Cornerstone Planning Group LLC grew its position in Canadian Pacific Kansas City by 205.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter worth approximately $36,000. Aventura Private Wealth LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $37,000. Finally, McIlrath & Eck LLC grew its position in Canadian Pacific Kansas City by 475.3% during the 4th quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after purchasing an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $89.16 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The company has a fifty day moving average of $83.96 and a two-hundred day moving average of $79.27. The stock has a market capitalization of $79.10 billion, a PE ratio of 27.52, a P/E/G ratio of 1.93 and a beta of 1.09. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $91.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Wall Street Analysts Forecast Growth

CP has been the subject of several research reports. Barclays set a $99.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, April 30th. Citigroup lifted their price objective on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada decreased their price objective on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. ATB Cormark Capital Markets cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Finally, Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.50.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.