Blue Capital Inc. Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Blue Capital Inc. bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,075 shares of the transportation company's stock, valued at approximately $584,000.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Canadian Pacific Kansas City by 18.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock valued at $60,000 after purchasing an additional 133 shares during the last quarter. Pinnacle Bancorp Inc. increased its holdings in shares of Canadian Pacific Kansas City by 13.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company's stock valued at $90,000 after purchasing an additional 150 shares in the last quarter. Wiser Advisor Group LLC grew its position in shares of Canadian Pacific Kansas City by 9.5% during the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company's stock valued at $125,000 after acquiring an additional 150 shares during the period. Advisory Services Network LLC grew its holdings in Canadian Pacific Kansas City by 2.2% in the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock valued at $521,000 after purchasing an additional 152 shares during the period. Finally, Transatlantique Private Wealth LLC raised its position in Canadian Pacific Kansas City by 1.6% during the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock worth $728,000 after acquiring an additional 157 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CP has been the topic of a number of research reports. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Susquehanna upped their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research note on Thursday, May 1st. Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Finally, Evercore ISI cut their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $90.71.

Canadian Pacific Kansas City Stock Down 0.2 %

NYSE:CP traded down $0.12 during mid-day trading on Thursday, reaching $73.70. The stock had a trading volume of 3,213,775 shares, compared to its average volume of 2,737,983. The stock's 50 day simple moving average is $73.01 and its two-hundred day simple moving average is $75.17. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The company has a market capitalization of $68.56 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. 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 (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the company posted $0.93 earnings per share. Canadian Pacific Kansas City's revenue was up 8.0% on a year-over-year basis. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.1644 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.89%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio is presently 21.28%.

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.