Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,733 shares of the transportation company’s stock after purchasing an additional 301 shares during the quarter. JARISLOWSKY FRASER Ltd’s holdings in Canadian Pacific Kansas City were worth $4,540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $34,000. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $36,000. Millstone Evans Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $36,000. Finally, Curio Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $39,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.6%

CP opened at $73.31 on Monday. 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 Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The stock has a market capitalization of $68.21 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The business has a 50-day moving average of $72.94 and a two-hundred day moving average of $75.04.

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 (EPS) for the quarter, hitting 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 business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s payout ratio is presently 21.28%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CP shares. 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. Stephens boosted their target price 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. Evercore ISI cut their target price 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. Royal Bank of Canada cut their target price on shares of 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. Finally, Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.71.

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.