Pathstone Holdings LLC Raises Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Pathstone Holdings LLC increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,090 shares of the transportation company’s stock after acquiring an additional 16,329 shares during the quarter. Pathstone Holdings LLC’s holdings in Canadian Pacific Kansas City were worth $19,192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Smartleaf Asset Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 18.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock worth $60,000 after buying an additional 133 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in shares of Canadian Pacific Kansas City by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 150 shares in the last quarter. Wiser Advisor Group LLC grew its position in shares of Canadian Pacific Kansas City by 9.5% in the fourth quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 150 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Canadian Pacific Kansas City by 2.2% in the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company’s stock valued at $521,000 after purchasing an additional 152 shares in the last quarter. Finally, Transatlantique Private Wealth LLC grew its position in shares of Canadian Pacific Kansas City by 1.6% in the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company’s stock valued at $728,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $81.50 on Thursday. The business has a 50-day moving average of $73.02 and a 200 day moving average of $75.10. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The stock has a market capitalization of $75.83 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the business posted $0.93 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 21.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Susquehanna upped their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a “positive” rating in a research report on Thursday, May 1st. Jefferies Financial Group reduced their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Stephens increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Evercore ISI dropped their price target on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.71.

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.