Banque Transatlantique SA Takes $23.13 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Banque Transatlantique SA purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 319,645 shares of the transportation company's stock, valued at approximately $23,133,000.

A number of other institutional investors have also recently made changes to their positions in CP. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $33,000. Stonebridge Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $34,000. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Millstone Evans Group LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth $36,000. Finally, Curio Wealth LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

NYSE CP traded down $0.49 during trading hours on Tuesday, reaching $73.50. The company's stock had a trading volume of 1,943,371 shares, compared to its average volume of 2,726,662. 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 1-year low of $66.49 and a 1-year high of $87.72. The company's 50-day moving average is $73.09 and its two-hundred day moving average is $75.18. The firm has a market capitalization of $68.37 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) 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 return on equity of 8.86% and a net margin of 25.51%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a $0.1644 dividend. This is a positive change 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 annualized dividend and a dividend yield of 0.89%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 21.28%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CP shares. Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Barclays reduced their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $90.71.

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.