Everett Harris & Co. CA Boosts Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Everett Harris & Co. CA boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,163 shares of the transportation company’s stock after purchasing an additional 400 shares during the period. Everett Harris & Co. CA’s holdings in Canadian Pacific Kansas City were worth $6,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Carolinas Wealth Consulting LLC bought a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at $25,000. Stonebridge Capital Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 750.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after buying an additional 300 shares during the period. Sands Capital Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at $31,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at $29,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CP. Citigroup boosted their price objective on Canadian Pacific Kansas City from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Susquehanna decreased their price objective on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Susquehanna Bancshares lowered Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $87.00 in a research note on Monday, January 8th. Finally, Stifel Nicolaus boosted their price objective on Canadian Pacific Kansas City from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $92.88.

Canadian Pacific Kansas City Price Performance

CP opened at $88.17 on Friday. The stock has a 50-day moving average price of $85.15 and a 200-day moving average price of $78.27. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $82.21 billion, a P/E ratio of 28.08, a PEG ratio of 2.63 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.22 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 0.64%. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.15%.

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.