Diversify Wealth Management LLC Has $370,000 Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Diversify Wealth Management LLC reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,691 shares of the transportation company’s stock after selling 176 shares during the period. Diversify Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CP. Mirova US LLC acquired a new position in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after buying an additional 1,678,784 shares during the period. Cantillon Capital Management LLC increased its position in shares of Canadian Pacific Kansas City by 49.1% during the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company’s stock worth $314,563,000 after buying an additional 1,174,200 shares during the period. Wulff Hansen & CO. increased its position in shares of Canadian Pacific Kansas City by 8,261.4% during the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after buying an additional 932,216 shares during the period. Finally, AGF Management Ltd. increased its position in shares of Canadian Pacific Kansas City by 86.5% during the second quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after buying an additional 735,816 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Bank of America cut 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 note on Thursday, October 24th. Barclays increased their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus cut their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

Canadian Pacific Kansas City Stock Down 0.1 %

Shares of NYSE CP opened at $77.08 on Friday. 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 Limited has a 52 week low of $69.08 and a 52 week high of $91.58. The firm’s fifty day moving average is $82.60 and its 200 day moving average is $81.07. The company has a market cap of $71.94 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.32 and a beta of 0.96.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 19.64%.

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.