Park Avenue Securities LLC Has $2.81 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Park Avenue Securities LLC boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 38,831 shares of the transportation company’s stock after acquiring an additional 1,879 shares during the quarter. Park Avenue Securities LLC’s holdings in Canadian Pacific Kansas City were worth $2,811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CP. Citizens Financial Group Inc. RI bought a new position in shares of Canadian Pacific Kansas City in the second quarter valued at about $229,000. Bradley Foster & Sargent Inc. CT raised its holdings in Canadian Pacific Kansas City by 3.0% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after acquiring an additional 131 shares during the period. Argent Trust Co lifted its position in Canadian Pacific Kansas City by 3.0% during the second quarter. Argent Trust Co now owns 11,431 shares of the transportation company’s stock worth $900,000 after acquiring an additional 328 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Canadian Pacific Kansas City by 18.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 23,532 shares of the transportation company’s stock worth $1,869,000 after acquiring an additional 3,612 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Canadian Pacific Kansas City by 8.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,017 shares of the transportation company’s stock valued at $2,285,000 after purchasing an additional 2,366 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the subject of several research reports. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $81.00 to $88.00 in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Citigroup lowered their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Susquehanna dropped their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $92.63.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $74.80 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. The firm has a market capitalization of $69.83 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The stock’s 50-day simple moving average is $74.75 and its 200 day simple moving average is $79.19.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.02 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.93%.

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.