Consulta Ltd Has $180.93 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Consulta Ltd grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 78.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,500,000 shares of the transportation company's stock after purchasing an additional 1,100,000 shares during the period. Canadian Pacific Kansas City comprises about 11.8% of Consulta Ltd's portfolio, making the stock its 3rd biggest position. Consulta Ltd owned about 0.27% of Canadian Pacific Kansas City worth $180,925,000 at the end of the most recent quarter.

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

Canadian Pacific Kansas City Stock Up 4.1%

Shares of NYSE CP traded up $2.99 during midday trading on Monday, reaching $76.33. 2,557,456 shares of the company's stock traded hands, compared to its average volume of 2,741,582. The company has a market cap of $71.02 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock's 50 day simple moving average is $72.94 and its 200-day simple moving average is $75.04.

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 the consensus estimate of $0.74. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 earnings per share. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal 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 paid a $0.1644 dividend. This is a boost 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 0.86%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 21.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Evercore ISI cut their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Barclays dropped their target price on 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. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada decreased their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus price target of $90.71.

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.