5,018 Shares in Canadian Pacific Kansas City Limited $CP Bought by Dorsey & Whitney Trust CO LLC

Key Points

• Dorsey & Whitney Trust CO LLC has bought 5,018 shares of Canadian Pacific Kansas City Limited valued at approximately $352,000.
• The company reported earnings of $0.81 per share for the last quarter, missing estimates and generating $2.72 billion in revenue.
• Canadian Pacific Kansas City recently increased its quarterly dividend to $0.1651 per share, with a current yield of 0.9%.

Dorsey & Whitney Trust CO LLC purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,018 shares of the transportation company's stock, valued at approximately $352,000.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its holdings in shares of Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after purchasing an additional 256 shares during the period. North Capital Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $27,000. Cheviot Value Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $31,000. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after purchasing an additional 164 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $74.8380 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $77.77 and a two-hundred day moving average price of $76.62. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The company has a market capitalization of $68.37 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter last year, the business posted $1.05 earnings per share. The business's revenue was up 2.7% compared to the same quarter last year. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 26th. This represents a $0.66 annualized dividend and a yield of 0.9%. Canadian Pacific Kansas City's payout ratio is 20.56%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CP. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Citigroup increased their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Stephens increased their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Royal Bank Of Canada cut their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average target price of $92.30.

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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