Assetmark Inc. Has $1.88 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Assetmark Inc. boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,761 shares of the transportation company’s stock after acquiring an additional 3,341 shares during the quarter. Assetmark Inc.’s holdings in Canadian Pacific Kansas City were worth $1,879,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Accretive Wealth Partners LLC lifted its position in Canadian Pacific Kansas City by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after acquiring an additional 145 shares in the last quarter. Keybank National Association OH lifted its position in Canadian Pacific Kansas City by 0.4% during the 3rd quarter. Keybank National Association OH now owns 42,155 shares of the transportation company’s stock worth $3,137,000 after buying an additional 159 shares in the last quarter. Claret Asset Management Corp lifted its position in Canadian Pacific Kansas City by 0.7% during the 3rd quarter. Claret Asset Management Corp now owns 24,245 shares of the transportation company’s stock worth $1,803,000 after buying an additional 162 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in Canadian Pacific Kansas City by 1.5% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 12,319 shares of the transportation company’s stock worth $974,000 after buying an additional 182 shares in the last quarter. Finally, Paragon Capital Management LLC lifted its position in Canadian Pacific Kansas City by 5.6% during the 3rd quarter. Paragon Capital Management LLC now owns 3,609 shares of the transportation company’s stock worth $269,000 after buying an additional 193 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $79.83 on Friday. The company’s 50 day moving average price is $84.41 and its two-hundred day moving average price is $81.13. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The firm has a market cap of $74.46 billion, a PE ratio of 25.59, a PEG ratio of 2.27 and a beta of 0.96. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.14 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CP shares. Evercore ISI cut their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Raymond James upped their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Evercore dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $96.67.

Canadian Pacific Kansas City Company 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.