10,026 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Purchased by Novem Group

Novem Group purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,026 shares of the transportation company’s stock, valued at approximately $726,000.

Several other hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its position in shares of Canadian Pacific Kansas City by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 133 shares during the period. Wiser Advisor Group LLC raised its stake in Canadian Pacific Kansas City by 9.5% in the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock worth $125,000 after purchasing an additional 150 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Canadian Pacific Kansas City by 2.2% in the 4th 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 during the period. Transatlantique Private Wealth LLC grew its position in shares of Canadian Pacific Kansas City by 1.6% during the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company’s stock worth $728,000 after purchasing an additional 157 shares in the last quarter. Finally, BKM Wealth Management LLC grew its position in shares of Canadian Pacific Kansas City by 2.2% during the 4th quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock worth $526,000 after purchasing an additional 158 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 1.1%

CP opened at $81.06 on Thursday. The company has a market cap of $75.42 billion, a P/E ratio of 27.95, a PEG ratio of 2.00 and a beta of 1.09. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $73.78 and its 200-day moving average is $75.24. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. Equities research analysts predict 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 company also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s payout ratio is currently 21.28%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CP shares. Royal Bank of Canada cut their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Citigroup cut their target price on Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus reduced their target price on 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. Barclays dropped their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Finally, Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $90.63.

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.