Ballast Advisors LLC Grows Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Ballast Advisors LLC increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.5% in the 4th quarter, Holdings Channel reports. The firm owned 9,949 shares of the transportation company’s stock after purchasing an additional 608 shares during the period. Ballast Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $787,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC raised its holdings in Canadian Pacific Kansas City by 750.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Canadian Pacific Kansas City during the third quarter worth $29,000. Sands Capital Management LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $31,000. AdvisorNet Financial Inc increased its stake in shares of Canadian Pacific Kansas City by 452.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock worth $39,000 after acquiring an additional 425 shares during the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth $39,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, JPMorgan Chase & Co. cut their price objective on Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Hold” and an average price target of $95.29.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded up $0.47 during trading hours on Monday, reaching $86.52. 227,297 shares of the company’s stock were exchanged, compared to its average volume of 2,039,069. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a market cap of $80.69 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. The company’s 50 day moving average is $87.12 and its two-hundred day moving average is $79.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data 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 firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.21 EPS 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. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.65%. 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. Canadian Pacific Kansas City’s dividend payout ratio is 17.83%.

Canadian Pacific Kansas City 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.