Bearing Point Capital LLC Acquires Shares of 24,830 Canadian Pacific Kansas City Limited (NYSE:CP)

Bearing Point Capital LLC bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 24,830 shares of the transportation company's stock, valued at approximately $1,797,000.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CP shares. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Royal Bank of Canada reduced their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a report on Monday, April 14th. Susquehanna boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a report on Thursday. Finally, Evercore ISI dropped 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.71.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $74.94 on Friday. The firm has a market cap of $69.71 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $73.22 and a 200-day moving average price of $75.27. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 company's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.88%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

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.

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