Simon Quick Advisors LLC Boosts Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Simon Quick Advisors LLC boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 25.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,223 shares of the transportation company’s stock after buying an additional 1,056 shares during the quarter. Simon Quick Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of CP. Bernard Wealth Management Corp. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $31,000. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $33,000. Millstone Evans Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Curio Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $39,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $43,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

CP opened at $80.39 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company has a market cap of $74.08 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The firm’s 50-day moving average price is $76.98 and its 200-day moving average price is $75.81.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting 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 firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio is currently 22.30%.

Analyst Ratings Changes

CP has been the subject of a number of recent analyst reports. Susquehanna boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a “positive” rating in a research note on Thursday, May 1st. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Citigroup lowered their price objective on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Barclays lowered their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $90.66.

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.