CX Institutional Buys New Shares in Canadian Pacific Kansas City Limited (NYSE:CP)

CX Institutional purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 873 shares of the transportation company’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CP. Smartleaf Asset Management LLC increased its stake in shares of Canadian Pacific Kansas City by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock worth $60,000 after purchasing an additional 133 shares in the last quarter. Wiser Advisor Group LLC boosted its stake in shares of Canadian Pacific Kansas City by 9.5% during the fourth quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 150 shares during the period. Advisory Services Network LLC increased its position in shares of Canadian Pacific Kansas City by 2.2% in the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company’s stock valued at $521,000 after acquiring an additional 152 shares during the period. Transatlantique Private Wealth LLC increased its holdings in Canadian Pacific Kansas City by 1.6% during the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company’s stock valued at $728,000 after purchasing an additional 157 shares during the period. Finally, BKM Wealth Management LLC lifted its stake in Canadian Pacific Kansas City by 2.2% in the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock worth $526,000 after acquiring an additional 158 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $81.66 on Tuesday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The firm has a market cap of $75.24 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 2.00 and a beta of 1.10. The business’s fifty day simple moving average is $77.27 and its two-hundred day simple moving average is $75.85. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. Analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a $0.1644 dividend. The ex-dividend date of this dividend is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. Canadian Pacific Kansas City’s dividend payout ratio is 22.30%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CP. Royal Bank of Canada reduced their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Susquehanna boosted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a “positive” rating in a report on Thursday, May 1st. Barclays lowered their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.66.

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.