Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Benjamin F. Edwards & Company Inc.

Posted by Defense World Staff on May 8th, 2023

Benjamin F. Edwards & Company Inc. increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Get Rating) (TSE:CP) by 31.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,787 shares of the transportation company’s stock after acquiring an additional 425 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Canadian Pacific Kansas City were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BDO Wealth Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 928.6% during the 4th quarter. BDO Wealth Advisors LLC now owns 360 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 325 shares during the last quarter. Romano Brothers AND Company acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $29,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $29,000. WJ Interests LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $43,000. Finally, Guardian Wealth Advisors LLC acquired a new position in Canadian Pacific Kansas City in the third quarter valued at about $50,000. Institutional investors and hedge funds own 72.31% of the company’s stock.

Canadian Pacific Kansas City Stock Up 3.3 %

CP stock opened at $80.98 on Monday. The company’s 50 day moving average price is $77.25 and its 200 day moving average price is $77.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.66. Canadian Pacific Kansas City Limited has a fifty-two week low of $65.17 and a fifty-two week high of $82.96. The firm has a market capitalization of $75.40 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 2.20 and a beta of 1.02.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be paid a dividend of $0.141 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is 18.54%.

Wall Street Analyst Weigh In

A number of research analysts have commented on CP shares. StockNews.com started coverage on shares of Canadian Pacific Kansas City in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 15th. Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $78.00 to $75.00 in a research report on Tuesday, April 18th. BMO Capital Markets started coverage on shares of Canadian Pacific Kansas City in a research report on Tuesday, April 18th. They issued an “outperform” rating on the stock. Finally, CIBC decreased their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$125.00 in a research report on Wednesday, February 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $89.21.

About Canadian Pacific Kansas City

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Canadian Pacific Kansas City Ltd. provides rail freight transportation services. It offers rail services linking Canada, the United States and Mexico. The company was founded on June 22, 2001 and is headquartered in Calgary, Canada.