Canadian Pacific Kansas City Limited (NYSE:CP) is Consulta Ltd's 3rd Largest Position

Consulta Ltd increased its position in 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. The institutional investor owned 2,500,000 shares of the transportation company's stock after buying an additional 1,100,000 shares during the period. Canadian Pacific Kansas City accounts for about 11.8% of Consulta Ltd's investment 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 reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $914,090,000. Causeway Capital Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 76.5% in the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after purchasing an additional 6,687,770 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Canadian Pacific Kansas City by 281.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock valued at $252,912,000 after purchasing an additional 2,532,519 shares during the last quarter. Invesco Ltd. raised its holdings in Canadian Pacific Kansas City by 25.7% during the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock valued at $770,526,000 after buying an additional 2,177,604 shares during the period. Finally, Geode Capital Management LLC lifted its position in Canadian Pacific Kansas City by 27.2% in the fourth quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company's stock worth $404,849,000 after buying an additional 1,179,108 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $73.50 on Wednesday. The company's 50 day moving average is $73.09 and its 200 day moving average is $75.18. 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 firm has a market cap of $68.37 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72.

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 EPS for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $2.66 billion during 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 quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. Canadian Pacific Kansas City's dividend payout ratio is presently 21.28%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CP shares. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Royal Bank of Canada decreased their price objective on shares of 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. Barclays cut their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Two 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 stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.71.

Canadian Pacific Kansas City Company 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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