Alpha Cubed Investments LLC Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Alpha Cubed Investments LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,373 shares of the transportation company's stock, valued at approximately $307,000.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 18.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock worth $60,000 after buying an additional 133 shares during the last quarter. Davidson Trust Co. raised its stake in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock worth $327,000 after buying an additional 144 shares during the last quarter. Advisory Services Network LLC raised its position in Canadian Pacific Kansas City by 2.2% during the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock worth $521,000 after acquiring an additional 152 shares during the last quarter. Transatlantique Private Wealth LLC raised its position in shares of Canadian Pacific Kansas City by 1.6% during the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock worth $728,000 after purchasing an additional 157 shares during the last quarter. Finally, Tradewinds LLC. lifted its position in shares of Canadian Pacific Kansas City by 3.8% in the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock valued at $304,000 after acquiring an additional 157 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CP shares. Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada decreased their target price 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. Barclays upped their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday. Jefferies Financial Group lowered their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Susquehanna reissued a "positive" rating and issued a $94.00 target price (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.95.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded up $0.89 on Thursday, hitting $82.28. The stock had a trading volume of 1,588,094 shares, compared to its average volume of 3,212,251. The company's 50-day moving average is $79.64 and its two-hundred day moving average is $76.46. The stock has a market cap of $75.81 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 2.26 and a beta of 1.07. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The company's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a $0.1644 dividend. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.80%. Canadian Pacific Kansas City's dividend payout ratio is 22.30%.

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.