Independence Bank of Kentucky Takes $43,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Independence Bank of Kentucky acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 550 shares of the transportation company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Carolinas Wealth Consulting LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at $25,000. Stonebridge Capital Advisors LLC boosted its stake 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 buying an additional 300 shares in the last quarter. Sands Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $31,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $29,000. Finally, Anchor Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $40,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CP shares. JPMorgan Chase & Co. decreased their price target on Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Citigroup boosted their price objective on Canadian Pacific Kansas City from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Susquehanna Bancshares lowered Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. Finally, Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Hold” and a consensus price target of $92.88.

Get Our Latest Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $87.54 on Thursday. The stock has a 50 day moving average price of $85.94 and a 200 day moving average price of $78.53. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market capitalization of $81.63 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.65 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Analysts predict that Canadian Pacific Kansas City Limited will post 3.22 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a $0.1415 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.65%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.83%.

About Canadian Pacific Kansas City

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.