Wahed Invest LLC Buys 1,551 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Wahed Invest LLC lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,989 shares of the transportation company’s stock after acquiring an additional 1,551 shares during the quarter. Wahed Invest LLC’s holdings in Canadian Pacific Kansas City were worth $1,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $33,000. Stonebridge Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at $34,000. YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at $36,000. Millstone Evans Group LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth about $36,000. Finally, Curio Wealth LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a “positive” rating in a research note on Thursday. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Royal Bank of Canada dropped their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a research report on Thursday. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Finally, Evercore ISI lowered their price objective on Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $90.71.

Canadian Pacific Kansas City Trading Up 0.4 %

Shares of Canadian Pacific Kansas City stock opened at $72.76 on Friday. The company’s 50-day moving average price is $73.27 and its 200-day moving average price is $75.36. The company has a market cap of $67.69 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business’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 company posted $0.93 EPS. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a yield of 0.90%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

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.