Spire Wealth Management Purchases Shares of 603 Canadian Pacific Kansas City Limited (NYSE:CP)

Spire Wealth Management purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 603 shares of the transportation company’s stock, valued at approximately $44,000.

Other hedge funds also recently bought and sold shares of the company. Capital Insight Partners LLC raised its position in shares of Canadian Pacific Kansas City by 7.7% during the fourth quarter. Capital Insight Partners LLC now owns 40,557 shares of the transportation company’s stock valued at $2,935,000 after buying an additional 2,899 shares during the last quarter. Independence Bank of Kentucky raised its position in shares of Canadian Pacific Kansas City by 225.9% during the fourth quarter. Independence Bank of Kentucky now owns 8,554 shares of the transportation company’s stock valued at $619,000 after buying an additional 5,929 shares during the last quarter. Waldron Private Wealth LLC raised its position in shares of Canadian Pacific Kansas City by 93.4% during the fourth quarter. Waldron Private Wealth LLC now owns 21,128 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 10,202 shares during the last quarter. Everett Harris & Co. CA raised its position in shares of Canadian Pacific Kansas City by 1.8% during the fourth quarter. Everett Harris & Co. CA now owns 81,108 shares of the transportation company’s stock valued at $5,870,000 after buying an additional 1,411 shares during the last quarter. Finally, Hunter Associates Investment Management LLC raised its position in shares of Canadian Pacific Kansas City by 4.0% during the fourth quarter. Hunter Associates Investment Management LLC now owns 5,967 shares of the transportation company’s stock valued at $432,000 after buying an additional 230 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $77.17 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $72.04 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.02 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The firm’s 50-day moving average price is $75.54 and its two-hundred day moving average price is $78.77.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.62%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of research analyst reports. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research report on Wednesday, January 8th. Citigroup increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Bank of America dropped their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Stephens increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

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.