Asset Allocation & Management Company LLC Makes New $262,000 Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Asset Allocation & Management Company LLC bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,618 shares of the transportation company’s stock, valued at approximately $262,000.

Other institutional investors also recently modified their holdings of the company. Tilia Fiduciary Partners Inc. grew its position in shares of Canadian Pacific Kansas City by 6.2% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 29,176 shares of the transportation company’s stock worth $2,111,000 after buying an additional 1,703 shares during the period. First Hawaiian Bank grew its holdings in Canadian Pacific Kansas City by 3.2% during the fourth quarter. First Hawaiian Bank now owns 13,845 shares of the transportation company’s stock valued at $1,002,000 after purchasing an additional 424 shares during the period. Fulton Bank N.A. acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $212,000. Park National Corp OH acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $492,000. Finally, GAMMA Investing LLC grew its holdings in Canadian Pacific Kansas City by 20.3% during the fourth quarter. GAMMA Investing LLC now owns 2,929 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 495 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded down $0.80 on Monday, hitting $73.89. The company’s stock had a trading volume of 716,686 shares, compared to its average volume of 2,311,169. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock’s 50 day moving average is $75.11 and its 200-day moving average is $79.33. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The company has a market capitalization of $68.97 billion, a PE ratio of 26.39, a PEG ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.93%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of analyst reports. Wolfe Research upgraded 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 report on Wednesday, January 8th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Evercore ISI upped their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Wells Fargo & Company cut their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.56.

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.