Chapin Davis Inc. Acquires New Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Chapin Davis Inc. acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,088 shares of the transportation company’s stock, valued at approximately $449,000.

A number of other large investors have also added to or reduced their stakes in CP. Vanguard Group Inc. increased its stake in shares of Canadian Pacific Kansas City by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company’s stock valued at $2,714,750,000 after acquiring an additional 585,049 shares in the last quarter. TD Asset Management Inc raised its stake in 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 buying an additional 6,835,271 shares during the period. Mackenzie Financial Corp boosted its holdings in Canadian Pacific Kansas City by 5.9% in the fourth 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 in the last quarter. Veritas Asset Management LLP raised its position in shares of Canadian Pacific Kansas City by 1.8% during the fourth quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock worth $1,062,148,000 after purchasing an additional 243,210 shares during the period. Finally, Norges Bank bought 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

Several equities research analysts have recently commented on the stock. Susquehanna reissued a “neutral” rating and set a $80.00 target price on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 25th. Bank of America dropped their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Raymond James increased their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Finally, Barclays lifted their target price on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $96.32.

Canadian Pacific Kansas City Stock Down 1.6 %

CP opened at $77.50 on Tuesday. The firm has a market capitalization of $72.30 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.24 and a beta of 0.96. 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 fifty day moving average price of $79.74 and a 200-day moving average price of $82.21. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58.

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 (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 firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Equities research analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.63%.

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.