American Century Companies Inc. Has $161.42 Million Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• American Century Companies Inc. increased its stake in Canadian Pacific Kansas City Limited by 10.5% during the first quarter, owning a total of 2,299,216 shares valued at approximately $161 million.
• Canadian Pacific Kansas City announced a quarterly dividend of $0.1651, reflecting a change from the previous $0.16 dividend, with a yield of 0.9%.
• Wall Street analysts have set an average target price of $92.30 for Canadian Pacific Kansas City, with most rating it as a "Moderate Buy".

American Century Companies Inc. increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 10.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,299,216 shares of the transportation company's stock after purchasing an additional 217,618 shares during the quarter. American Century Companies Inc. owned approximately 0.25% of Canadian Pacific Kansas City worth $161,416,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CP. North Capital Inc. bought a new stake in Canadian Pacific Kansas City in the first quarter worth approximately $27,000. Cornerstone Planning Group LLC grew its position in Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after acquiring an additional 256 shares in the last quarter. Cheviot Value Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter worth approximately $30,000. Bernard Wealth Management Corp. bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $31,000. Finally, Hexagon Capital Partners LLC grew its position in 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 worth $35,000 after acquiring an additional 164 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CP has been the subject of several recent research reports. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Susquehanna reissued a "positive" rating and issued a $94.00 target price (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Stephens upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Royal Bank Of Canada decreased their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Evercore ISI decreased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average price target of $92.30.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded down $0.34 during trading hours on Wednesday, hitting $74.50. 1,357,488 shares of the company traded hands, compared to its average volume of 3,210,890. The stock has a market capitalization of $68.07 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 2.06 and a beta of 1.06. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The firm has a 50-day moving average of $78.16 and a 200 day moving average of $76.66. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS 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 company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. Canadian Pacific Kansas City's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

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