Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by GPM Growth Investors Inc.

GPM Growth Investors Inc. lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 55,040 shares of the transportation company’s stock after buying an additional 1,597 shares during the quarter. Canadian Pacific Kansas City comprises 2.0% of GPM Growth Investors Inc.’s holdings, making the stock its 21st biggest position. GPM Growth Investors Inc.’s holdings in Canadian Pacific Kansas City were worth $4,351,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CP. YCG LLC lifted its holdings in shares of Canadian Pacific Kansas City by 32.5% during the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after acquiring an additional 91,276 shares during the period. SG Americas Securities LLC raised its stake in Canadian Pacific Kansas City by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after purchasing an additional 12,748 shares during the period. Element Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Canadian Pacific Kansas City by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after buying an additional 14,557 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Canadian Pacific Kansas City by 26.3% during the 4th quarter. Jennison Associates LLC now owns 57,878 shares of the transportation company’s stock worth $4,577,000 after buying an additional 12,036 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CP shares. Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and lowered their price target for the company from $90.00 to $87.00 in a research report on Monday, January 8th. TD Securities downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Finally, Barclays boosted their price objective 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 twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Trading Down 2.1 %

CP traded down $1.67 during trading on Tuesday, reaching $79.18. The company had a trading volume of 1,143,541 shares, compared to its average volume of 2,107,995. The firm’s 50-day simple moving average is $86.94 and its 200 day simple moving average is $79.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The company has a market cap of $73.84 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 2.31 and a beta of 0.94. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared 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. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. 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.