Ashton Thomas Securities LLC Acquires New Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Ashton Thomas Securities LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 877 shares of the transportation company’s stock, valued at approximately $75,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CP. QRG Capital Management Inc. grew its position in shares of Canadian Pacific Kansas City by 1.4% in the 1st quarter. QRG Capital Management Inc. now owns 12,867 shares of the transportation company’s stock valued at $1,135,000 after purchasing an additional 175 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Canadian Pacific Kansas City by 3.8% in the first quarter. Bleakley Financial Group LLC now owns 4,344 shares of the transportation company’s stock valued at $383,000 after buying an additional 161 shares during the period. Delta Investment Management LLC increased its position in shares of Canadian Pacific Kansas City by 3.2% during the first quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock worth $363,000 after acquiring an additional 126 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Canadian Pacific Kansas City by 32.0% during the first quarter. Orion Portfolio Solutions LLC now owns 216,650 shares of the transportation company’s stock worth $19,102,000 after acquiring an additional 52,463 shares during the period. Finally, Trillium Asset Management LLC lifted its position in Canadian Pacific Kansas City by 0.5% in the 1st quarter. Trillium Asset Management LLC now owns 93,538 shares of the transportation company’s stock valued at $8,252,000 after acquiring an additional 437 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Sanford C. Bernstein dropped their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Bank of America lowered their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.68.

Canadian Pacific Kansas City Trading Down 0.6 %

Shares of Canadian Pacific Kansas City stock opened at $76.90 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business has a fifty day simple moving average of $82.07 and a two-hundred day simple moving average of $80.77. Canadian Pacific Kansas City Limited has a 1 year low of $69.08 and a 1 year high of $91.58. The company has a market capitalization of $71.77 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 2.30 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its 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). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. Canadian Pacific Kansas City’s dividend 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.