&Partners Buys 740 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

&Partners increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 28.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,384 shares of the transportation company’s stock after purchasing an additional 740 shares during the period. &Partners’ holdings in Canadian Pacific Kansas City were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CP. Vanguard Group Inc. increased its stake in shares of Canadian Pacific Kansas City by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company’s stock worth $2,714,750,000 after purchasing an additional 585,049 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Canadian Pacific Kansas City by 47.7% during the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after acquiring an additional 6,835,271 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Canadian Pacific Kansas City by 5.9% during the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock worth $1,122,370,000 after acquiring an additional 787,608 shares during the last quarter. Veritas Asset Management LLP raised its stake in Canadian Pacific Kansas City by 1.8% in the 4th quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock valued at $1,062,148,000 after acquiring an additional 243,210 shares during the period. Finally, Norges Bank acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $979,890,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

CP has been the topic of several research analyst reports. Bank of America dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Stifel Nicolaus cut their price objective on shares of 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. Raymond James upped their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Hold” and an average target price of $96.32.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $78.67 on Monday. The business has a fifty day simple moving average of $80.26 and a 200 day simple moving average of $82.01. The company has a market cap of $73.38 billion, a P/E ratio of 25.21, a P/E/G ratio of 2.24 and a beta of 0.97. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its 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). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is 17.95%.

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.