Apollon Wealth Management LLC Has $1.28 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Apollon Wealth Management LLC grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 20.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,196 shares of the transportation company’s stock after buying an additional 2,735 shares during the period. Apollon Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,281,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CP. Sands Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $31,000. Anchor Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $40,000. Independence Bank of Kentucky acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $43,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $45,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $70,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of analyst reports. Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 price objective for the company. Susquehanna cut their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Bank of America lowered their price objective on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Evercore cut 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. Finally, Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $81.64 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. The firm has a market capitalization of $76.14 billion, a P/E ratio of 26.17, a PEG ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The business has a fifty day moving average price of $86.19 and a 200-day moving average price of $80.29.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly 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). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Canadian Pacific Kansas City 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.