Foster Victor Wealth Advisors LLC Raises Stock Position in Canadian Pacific Kansas City Limited $CP

Foster Victor Wealth Advisors LLC grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,198 shares of the transportation company’s stock after purchasing an additional 26,783 shares during the quarter. Canadian Pacific Kansas City comprises about 1.3% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 16th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $20,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group raised its stake in Canadian Pacific Kansas City by 510.2% in the first quarter. Brooklyn Investment Group now owns 1,019 shares of the transportation company’s stock worth $72,000 after buying an additional 852 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $352,000. Price T Rowe Associates Inc. MD raised its position in shares of Canadian Pacific Kansas City by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 596,066 shares of the transportation company’s stock worth $41,852,000 after acquiring an additional 33,435 shares in the last quarter. Summit Financial LLC raised its position in shares of Canadian Pacific Kansas City by 21.8% in the 1st quarter. Summit Financial LLC now owns 6,714 shares of the transportation company’s stock worth $471,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Compound Planning Inc. lifted its stake in shares of Canadian Pacific Kansas City by 22.1% in the 1st quarter. Compound Planning Inc. now owns 5,738 shares of the transportation company’s stock valued at $403,000 after purchasing an additional 1,040 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CP. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Evercore ISI lowered their price target on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $74.22 on Friday. The business has a fifty day moving average price of $73.00 and a 200-day moving average price of $75.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The company has a market capitalization of $66.59 billion, a PE ratio of 22.63, a PEG ratio of 1.87 and a beta of 1.11. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same quarter in the previous year, the firm earned $0.99 EPS. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.12%.

Canadian Pacific Kansas City Profile

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.