Ingalls & Snyder LLC Increases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Ingalls & Snyder LLC boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 32.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 33,101 shares of the transportation company’s stock after acquiring an additional 8,203 shares during the quarter. Ingalls & Snyder LLC’s holdings in Canadian Pacific Kansas City were worth $2,396,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisbourg Investments Inc. lifted its position in Canadian Pacific Kansas City by 65.7% during the 4th quarter. Louisbourg Investments Inc. now owns 47,041 shares of the transportation company’s stock worth $3,404,000 after acquiring an additional 18,646 shares during the period. Channing Global Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 7.1% in the 4th quarter. Channing Global Advisors LLC now owns 167,169 shares of the transportation company’s stock valued at $12,098,000 after buying an additional 11,052 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Canadian Pacific Kansas City by 281.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after buying an additional 2,532,519 shares during the period. Marks Group Wealth Management Inc lifted its holdings in shares of Canadian Pacific Kansas City by 7.3% in the 4th quarter. Marks Group Wealth Management Inc now owns 92,693 shares of the transportation company’s stock valued at $6,708,000 after buying an additional 6,266 shares during the period. Finally, Sovran Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $244,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.7 %

CP opened at $77.86 on Thursday. The firm has a market cap of $72.69 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.02 and a beta of 0.97. The business has a fifty day simple moving average of $75.63 and a 200-day simple moving average of $78.71. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CP shares. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Barclays reduced their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Citigroup upped their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Finally, Bank of America reduced their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.