Foster Group Inc. Acquires Shares of 4,590 Canadian Pacific Kansas City Limited (NYSE:CP)

Foster Group Inc. acquired 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 Securities and Exchange Commission. The firm acquired 4,590 shares of the transportation company’s stock, valued at approximately $405,000.

Several other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its position in shares of Canadian Pacific Kansas City by 25.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the transportation company’s stock worth $90,000 after acquiring an additional 209 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $139,000. GAMMA Investing LLC grew its position in shares of Canadian Pacific Kansas City by 12.1% in the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after acquiring an additional 133 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $1,243,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $257,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $78.71 on Friday. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $73.42 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 2.21 and a beta of 0.97. The stock’s fifty day simple moving average is $80.40 and its 200-day simple moving average is $81.87.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.14 earnings per share 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 paid a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.95%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Evercore ISI reduced their price objective 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. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Finally, Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $96.32.

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.