Foster Victor Wealth Advisors LLC Grows Position in Canadian Pacific Kansas City Limited $CP

Foster Victor Wealth Advisors LLC increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 266,198 shares of the transportation company’s stock after buying an additional 26,783 shares during the quarter. Canadian Pacific Kansas City comprises approximately 1.3% of Foster Victor Wealth Advisors LLC’s portfolio, making the stock its 16th biggest position. Foster Victor Wealth Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $20,654,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 38,223,823 shares of the transportation company’s stock valued at $3,036,558,000 after acquiring an additional 1,080,835 shares during the last quarter. TD Asset Management Inc lifted its position in Canadian Pacific Kansas City by 0.7% during the second quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock valued at $1,665,106,000 after purchasing an additional 136,970 shares during the period. Invesco Ltd. boosted its holdings in Canadian Pacific Kansas City by 15.1% in the second quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock worth $1,549,210,000 after purchasing an additional 2,559,104 shares during the last quarter. Causeway Capital Management LLC grew its position in Canadian Pacific Kansas City by 11.5% in the 1st quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock worth $1,207,605,000 after purchasing an additional 1,778,984 shares during the period. Finally, Mackenzie Financial Corp grew its position in Canadian Pacific Kansas City by 0.9% in the 2nd quarter. Mackenzie Financial Corp now owns 16,498,767 shares of the transportation company’s stock worth $1,311,512,000 after purchasing an additional 150,963 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CP shares. Royal Bank Of Canada lowered their price target on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, October 2nd. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $74.22 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The stock has a 50-day simple moving average of $73.00 and a two-hundred day simple moving average of $75.77. The firm has a market capitalization of $66.59 billion, a PE ratio of 22.63, a P/E/G ratio of 1.87 and a beta of 1.11. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the business earned $0.99 EPS. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s payout ratio is presently 20.12%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.