Ethic Inc. Invests $203,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Ethic Inc. bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 2,808 shares of the transportation company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $2,602,000. Oak Family Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $262,000. Barclays PLC lifted its position in shares of Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after purchasing an additional 81,111 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $249,000. Finally, Phraction Management LLC lifted its position 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 worth $963,000 after purchasing an additional 4,641 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 0.1%

NYSE:CP opened at $81.59 on Friday. The firm has a 50-day simple moving average of $73.33 and a two-hundred day simple moving average of $75.13. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The firm has a market cap of $75.92 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The firm had revenue of $2.66 billion during 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 business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.1644 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 21.28%.

Analyst Ratings Changes

Several research analysts recently issued reports on CP shares. Bank of America increased their price target on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday. Susquehanna increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a “positive” rating in a research note on Thursday, May 1st. Stephens increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Evercore ISI decreased 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 note on Thursday, May 1st. Finally, Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Two investment 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. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $90.63.

Canadian Pacific Kansas City 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.