Canadian Pacific Kansas City Limited (NYSE:CP) Stake Increased by Brookstone Capital Management

Brookstone Capital Management boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 55.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,959 shares of the transportation company’s stock after acquiring an additional 5,308 shares during the period. Brookstone Capital Management’s holdings in Canadian Pacific Kansas City were worth $1,319,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CP. Affinity Capital Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $611,000. Retirement Planning Group LLC boosted its holdings in Canadian Pacific Kansas City by 0.8% in the first quarter. Retirement Planning Group LLC now owns 47,654 shares of the transportation company’s stock worth $4,202,000 after purchasing an additional 356 shares during the period. Pacifica Partners Inc. increased its stake in Canadian Pacific Kansas City by 30.4% during the first quarter. Pacifica Partners Inc. now owns 2,024 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 472 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $76,000. Finally, &PARTNERS lifted its position in shares of Canadian Pacific Kansas City by 28.0% in the 1st quarter. &PARTNERS now owns 3,384 shares of the transportation company’s stock worth $299,000 after buying an additional 740 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CP shares. Jefferies Financial Group began coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 price objective on the stock. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Evercore dropped their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Finally, Bank of America cut their price objective on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Hold” and an average target price of $96.32.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $78.73 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average of $79.74 and a two-hundred day moving average of $82.10. The company has a market capitalization of $73.45 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 2.27 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.14 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.63%.

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.