GAMMA Investing LLC Invests $88,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

GAMMA Investing LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,096 shares of the transportation company’s stock, valued at approximately $88,000.

Other hedge funds have also recently made changes to their positions in the company. Sands Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $31,000. Anchor Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $40,000. Independence Bank of Kentucky bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $43,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $45,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Canadian Pacific Kansas City during the 4th quarter worth about $70,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $80.85 on Tuesday. The firm has a market capitalization of $75.40 billion, a P/E ratio of 25.91, a PEG ratio of 2.31 and a beta of 0.94. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average price of $86.94 and a 200 day moving average price of $79.96. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data 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 company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.16 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

Wall Street Analyst Weigh In

CP has been the topic of several recent research reports. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Evercore ISI dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Jefferies Financial Group initiated coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 target price on the stock. Bank of America dropped their target price on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.42.

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.