Gateway Investment Advisers LLC Increases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Gateway Investment Advisers LLC lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 118,808 shares of the transportation company’s stock after purchasing an additional 2,266 shares during the period. Gateway Investment Advisers LLC’s holdings in Canadian Pacific Kansas City were worth $8,341,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $2,602,000. Phraction Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 53.6% in the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company’s stock valued at $963,000 after acquiring an additional 4,641 shares during the last quarter. Gallo Partners LP purchased a new stake in Canadian Pacific Kansas City during the 4th quarter valued at about $4,373,000. JPMorgan Chase & Co. grew its position in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after acquiring an additional 381,594 shares during the last quarter. Finally, LPL Financial LLC grew its position in Canadian Pacific Kansas City by 34.4% during the 4th quarter. LPL Financial LLC now owns 258,075 shares of the transportation company’s stock worth $18,677,000 after acquiring an additional 66,125 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.0%

NYSE:CP opened at $81.88 on Friday. The company has a 50-day moving average price of $75.86 and a 200-day moving average price of $75.63. The stock has a market cap of $76.19 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 2.00 and a beta of 1.10. 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 Limited has a 12 month low of $66.49 and a 12 month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. Canadian Pacific Kansas City’s revenue was up 8.0% on a year-over-year basis. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 22.30%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CP shares. Barclays lowered their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. 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 report on Thursday, May 1st. Stifel Nicolaus cut their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.66.

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.