Concurrent Investment Advisors LLC Acquires 1,039 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Concurrent Investment Advisors LLC increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 41.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,523 shares of the transportation company’s stock after purchasing an additional 1,039 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $33,000. Addison Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 279 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $34,000. Stonebridge Financial Group LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth $34,000. Finally, YANKCOM Partnership bought a new position in Canadian Pacific Kansas City during the fourth quarter worth $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CP shares. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Stifel Nicolaus decreased their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada upped their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Citigroup boosted their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $77.50 on Wednesday. The company has a market capitalization of $72.35 billion, a PE ratio of 26.72, a P/E/G ratio of 2.00 and a beta of 0.97. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $76.15 and a two-hundred day moving average price of $78.58. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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%. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS 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. Investors of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

About Canadian Pacific Kansas City

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.