Graham Capital Management L.P. Makes New $530,000 Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Graham Capital Management L.P. purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,329 shares of the transportation company's stock, valued at approximately $530,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CP. Kestra Investment Management LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $36,000. Millstone Evans Group LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $36,000. Finally, Curio Wealth LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.0%

Shares of NYSE CP traded down $0.03 during mid-day trading on Monday, hitting $81.50. 2,889,428 shares of the stock traded hands, compared to its average volume of 2,803,042. 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 Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The company has a market cap of $75.83 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.00 and a beta of 1.09. The stock has a fifty day moving average price of $73.33 and a 200-day moving average price of $75.12.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.1644 per share. The ex-dividend date of this dividend is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Canadian Pacific Kansas City's payout ratio is currently 21.28%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CP. Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Susquehanna raised their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research report on Thursday, May 1st. Citigroup reduced their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Finally, Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.63.

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.