Global Retirement Partners LLC Raises Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Posted by Defense World Staff on Aug 10th, 2023

Global Retirement Partners LLC raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 34.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,804 shares of the transportation company’s stock after buying an additional 722 shares during the period. Global Retirement Partners LLC’s holdings in Canadian Pacific Kansas City were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BerganKDV Wealth Management LLC grew its position in Canadian Pacific Kansas City by 193.9% during the 1st quarter. BerganKDV Wealth Management LLC now owns 338 shares of the transportation company’s stock worth $26,000 after acquiring an additional 223 shares during the last quarter. Stonebridge Capital Advisors LLC grew 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 worth $25,000 after acquiring an additional 300 shares during the last quarter. BDO Wealth Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 928.6% during the fourth 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. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter worth about $29,000. Finally, Central Bank & Trust Co. purchased a new position in Canadian Pacific Kansas City during the 1st quarter valued at about $38,000. 65.84% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Trading Up 0.5 %

NYSE:CP opened at $81.17 on Thursday. The stock has a market cap of $75.60 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.82 and a beta of 1.01. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average price is $79.82 and its 200-day moving average price is $78.65. Canadian Pacific Kansas City Limited has a 52 week low of $65.17 and a 52 week high of $85.40.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.1437 per share. This represents a $0.57 annualized dividend and a yield of 0.71%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, September 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 16.57%.

Analyst Ratings Changes

CP has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on Canadian Pacific Kansas City in a report on Thursday, May 18th. They set a “hold” rating for the company. BMO Capital Markets assumed coverage on shares of Canadian Pacific Kansas City in a research report on Tuesday, April 18th. They set an “outperform” rating on the stock. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $78.00 to $75.00 in a report on Tuesday, April 18th. Credit Suisse Group upped their target price on Canadian Pacific Kansas City from $81.00 to $87.00 in a report on Wednesday, July 5th. Finally, CSFB raised their target price on Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.93.

Get Our Latest Research Report on CP

Canadian Pacific Kansas City Company Profile

(Free Report)

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.