Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,232 shares of the transportation company’s stock after purchasing an additional 492 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Canadian Pacific Kansas City were worth $814,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. YCG LLC raised its stake in Canadian Pacific Kansas City by 32.5% in the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after purchasing an additional 91,276 shares during the last quarter. JARISLOWSKY FRASER Ltd grew its holdings in shares of Canadian Pacific Kansas City by 63.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock worth $7,127,000 after buying an additional 34,856 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after buying an additional 12,748 shares during the last quarter. Element Capital Management LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at about $7,815,000. Finally, Meritage Group LP acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $207,850,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $78.67 on Monday. The firm has a market capitalization of $73.38 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The stock’s 50-day simple moving average is $80.26 and its 200-day simple moving average is $82.01.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.14 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.63%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CP shares. Barclays lifted their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Raymond James lifted their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a report on Friday, June 7th. They set an “overweight” rating and a $90.00 price target for the company. Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Finally, Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $96.32.

Canadian Pacific Kansas City Company 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.