Yousif Capital Management LLC Raises Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Yousif Capital Management LLC lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,699 shares of the transportation company’s stock after acquiring an additional 1,065 shares during the period. Yousif Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Sands Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the third quarter valued at about $31,000. Anchor Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $40,000. Independence Bank of Kentucky purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $45,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $70,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $79.73 on Friday. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The stock has a market cap of $74.36 billion, a PE ratio of 25.55, a P/E/G ratio of 2.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The stock has a 50 day moving average price of $86.52 and a 200 day moving average price of $79.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted 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). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.71%. Canadian Pacific Kansas City’s payout ratio is 17.95%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Evercore ISI reduced their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. TD Securities downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price target for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Finally, Barclays upped their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Twelve research 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, the stock has an average rating of “Moderate Buy” and an average price target of $96.42.

About Canadian Pacific Kansas City

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.