Bayesian Capital Management LP Acquires 14,200 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Bayesian Capital Management LP lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 282.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,221 shares of the transportation company's stock after purchasing an additional 14,200 shares during the period. Bayesian Capital Management LP's holdings in Canadian Pacific Kansas City were worth $1,391,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent analyst reports. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Stephens upped their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Finally, Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective for the company 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 issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $90.71.

Canadian Pacific Kansas City Stock Down 0.2 %

NYSE:CP traded down $0.12 during trading hours on Thursday, hitting $73.70. 3,213,775 shares of the stock traded hands, compared to its average volume of 2,737,983. The firm has a market cap of $68.56 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. 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 firm has a 50 day moving average price of $73.01 and a 200 day moving average price of $75.17.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Canadian Pacific Kansas City's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current 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 issued a dividend of $0.1644 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a dividend 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 (DPR) is currently 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.