Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,229 shares of the transportation company’s stock after buying an additional 133 shares during the quarter. GAMMA Investing LLC’s holdings in Canadian Pacific Kansas City were worth $108,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kestra Advisory Services LLC increased its stake in shares of Canadian Pacific Kansas City by 22.7% during the third quarter. Kestra Advisory Services LLC now owns 13,448 shares of the transportation company’s stock worth $1,001,000 after buying an additional 2,485 shares during the period. Hsbc Holdings PLC increased its stake in shares of Canadian Pacific Kansas City by 3.5% during the third quarter. Hsbc Holdings PLC now owns 328,806 shares of the transportation company’s stock worth $24,493,000 after buying an additional 11,125 shares during the period. Stifel Financial Corp increased its stake in shares of Canadian Pacific Kansas City by 5.0% during the third quarter. Stifel Financial Corp now owns 464,980 shares of the transportation company’s stock worth $34,599,000 after buying an additional 22,256 shares during the period. Northern Trust Corp increased its stake in shares of Canadian Pacific Kansas City by 13.6% during the third quarter. Northern Trust Corp now owns 2,612,952 shares of the transportation company’s stock worth $194,430,000 after buying an additional 313,639 shares during the period. Finally, Natixis Advisors L.P. increased its stake in shares of Canadian Pacific Kansas City by 16.3% during the third quarter. Natixis Advisors L.P. now owns 678,851 shares of the transportation company’s stock worth $50,513,000 after buying an additional 95,257 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $78.67 on Friday. 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 company has a market capitalization of $73.38 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97. 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 50 day simple moving average of $80.26 and a 200 day simple moving average of $81.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (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 business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.14 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. Stockholders 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 annualized dividend and a dividend yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.95%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of 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. Bank of America dropped their price target on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Evercore ISI dropped their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Wells Fargo & Company initiated coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Hold” and an average price target of $96.32.

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.