Ewing Morris & Co. Investment Partners Ltd. Invests $370,000 in Canadian Pacific Kansas City Limited $CP

Key Points

• Ewing Morris & Co. Investment Partners Ltd. acquired 5,266 shares of Canadian Pacific Kansas City Limited, valued at approximately $370,000, as disclosed in their recent 13F filing.
• Multiple analysts have raised their price targets for Canadian Pacific Kansas City, with Citigroup setting a target of $94.00 and Stephens at $97.00, reflecting a positive outlook for the stock.
• Canadian Pacific Kansas City recently declared a quarterly dividend of $0.1651, which represents a boost from the previous dividend and indicates a payout ratio of 20.56%.

Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,266 shares of the transportation company's stock, valued at approximately $370,000.

Several other institutional investors also recently made changes to their positions in the stock. Cornerstone Planning Group LLC increased its holdings in Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after purchasing an additional 256 shares in the last quarter. North Capital Inc. acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $27,000. Cheviot Value Management LLC acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $30,000. Bernard Wealth Management Corp. acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $31,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after purchasing an additional 164 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CP shares. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Saturday, August 23rd. Barclays increased their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Citigroup raised their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Stephens raised their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Trading Up 0.1%

Shares of CP traded up $0.07 during midday trading on Thursday, hitting $76.75. The stock had a trading volume of 2,392,954 shares, compared to its average volume of 3,210,223. The business has a 50-day simple moving average of $77.15 and a two-hundred day simple moving average of $76.51. 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 market cap of $70.12 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a dividend of $0.1651 per share. The ex-dividend date of this dividend is Friday, September 26th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.9%. Canadian Pacific Kansas City's payout ratio is 20.25%.

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.