Y Intercept Hong Kong Ltd Acquires Shares of 116,042 Canadian Pacific Kansas City Limited $CP

Y Intercept Hong Kong Ltd acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 116,042 shares of the transportation company’s stock, valued at approximately $9,128,000.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Canadian Pacific Kansas City by 1.3% in the 4th quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after purchasing an additional 303,464 shares during the period. FIL Ltd grew its stake in Canadian Pacific Kansas City by 20.2% during the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after buying an additional 2,804,686 shares during the last quarter. Norges Bank acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth approximately $978,558,000. Geode Capital Management LLC increased its position in Canadian Pacific Kansas City by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after buying an additional 461,724 shares during the period. Finally, Cibc World Market Inc. lifted its stake in Canadian Pacific Kansas City by 21.9% in the fourth quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock valued at $620,925,000 after buying an additional 1,517,323 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.1%

Shares of Canadian Pacific Kansas City stock opened at $87.91 on Friday. The company has a market cap of $77.80 billion, a P/E ratio of 27.13, a PEG ratio of 1.72 and a beta of 1.10. The firm has a fifty day moving average of $87.29 and a two-hundred day moving average of $81.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $91.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 earnings per share. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.75 earnings per share 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 27th. Shareholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is presently 24.07%.

Analyst Ratings Changes

CP has been the topic of a number of research reports. Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, June 24th. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, ATB Cormark Capital Markets cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.30.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.