Canadian Pacific Kansas City Limited (NYSE:CP) Position Boosted by 11 Capital Partners LP

11 Capital Partners LP boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 70.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 350,376 shares of the transportation company's stock after buying an additional 144,884 shares during the period. Canadian Pacific Kansas City accounts for approximately 10.2% of 11 Capital Partners LP's holdings, making the stock its 4th largest holding. 11 Capital Partners LP's holdings in Canadian Pacific Kansas City were worth $25,357,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CP. Lido Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 6.5% during the 4th quarter. Lido Advisors LLC now owns 9,517 shares of the transportation company's stock valued at $690,000 after buying an additional 580 shares during the last quarter. Northern Trust Corp boosted its stake in Canadian Pacific Kansas City by 3.6% during the 4th quarter. Northern Trust Corp now owns 2,445,300 shares of the transportation company's stock valued at $176,966,000 after acquiring an additional 85,381 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Canadian Pacific Kansas City by 2.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,707,319 shares of the transportation company's stock worth $848,794,000 after acquiring an additional 334,844 shares in the last quarter. Leslie Global Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $252,000. Finally, Kovitz Investment Group Partners LLC grew its stake in Canadian Pacific Kansas City by 34.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,066 shares of the transportation company's stock worth $1,018,000 after purchasing an additional 3,634 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CP. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Stephens boosted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Royal Bank of Canada cut their price target 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. Jefferies Financial Group dropped their price target on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.71.

Canadian Pacific Kansas City Stock Up 3.0 %

NYSE CP traded up $2.21 during trading hours on Friday, hitting $74.94. The company's stock had a trading volume of 4,017,678 shares, compared to its average volume of 2,723,277. 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 company's 50-day simple moving average is $73.27 and its two-hundred day simple moving average is $75.36. The company has a market capitalization 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. 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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. The company 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 firm's revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. Research 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 business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders 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 yield of 0.88%. Canadian Pacific Kansas City's payout ratio 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.