Rehmann Capital Advisory Group Purchases Shares of 2,314 Canadian Pacific Kansas City Limited (NYSE:CP)

Rehmann Capital Advisory Group acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,314 shares of the transportation company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust raised its position in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the period. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth approximately $34,000. Chris Bulman Inc acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $35,000. Finally, Asset Dedication LLC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $38,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent research reports. Bank of America reduced their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Monday, December 9th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their target price for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Sanford C. Bernstein reduced their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Finally, Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $74.39 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 12-month low of $72.29 and a 12-month high of $91.58. The business’s fifty day moving average price is $77.48 and its 200 day moving average price is $79.87. The stock has a market capitalization of $69.44 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.75%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.00%.

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.