Millstone Evans Group LLC Invests $36,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, Holdings Channel reports. The firm acquired 504 shares of the transportation company’s stock, valued at approximately $36,000.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $33,000. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $34,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $34,000. YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $36,000. Finally, Curio Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $39,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CP. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Stephens raised their target price on 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. Susquehanna lowered their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Barclays cut their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Up 1.9 %

Canadian Pacific Kansas City stock opened at $73.32 on Tuesday. The stock has a 50 day moving average of $76.68 and a two-hundred day moving average of $77.78. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $89.26. The stock has a market capitalization of $68.46 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 2.00 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.