Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Ballast Advisors LLC

Ballast Advisors LLC lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,494 shares of the transportation company’s stock after purchasing an additional 305 shares during the quarter. Ballast Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CP. Whittier Trust Co. increased its position in shares of Canadian Pacific Kansas City by 14.2% during the 4th quarter. Whittier Trust Co. now owns 24,527 shares of the transportation company’s stock worth $1,775,000 after purchasing an additional 3,059 shares during the last quarter. Viawealth LLC boosted its position in shares of Canadian Pacific Kansas City by 39.6% during the 4th quarter. Viawealth LLC now owns 7,038 shares of the transportation company’s stock worth $509,000 after acquiring an additional 1,996 shares in the last quarter. Magnetar Financial LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $1,104,000. Royal London Asset Management Ltd. raised its stake in Canadian Pacific Kansas City by 0.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 432,212 shares of the transportation company’s stock worth $31,279,000 after acquiring an additional 2,843 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its position in shares of Canadian Pacific Kansas City by 0.7% during the fourth quarter. Maryland State Retirement & Pension System now owns 55,143 shares of the transportation company’s stock worth $3,991,000 after purchasing an additional 390 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $73.50 on Friday. The stock’s 50-day simple moving average is $76.74 and its 200 day simple moving average is $78.02. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $90.64. The stock has a market capitalization of $68.62 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business 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. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Wall Street Analysts Forecast Growth

CP has been the subject of several recent research reports. 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. Stifel Nicolaus decreased their target price on shares of 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. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Stephens upped their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company reduced their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

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.