Artemis Investment Management LLP Purchases Shares of 153,484 Canadian Pacific Kansas City Limited (NYSE:CP)

Artemis Investment Management LLP purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 153,484 shares of the transportation company's stock, valued at approximately $10,776,000.

Other institutional investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth about $31,000. Millstone Evans Group LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $36,000. Curio Wealth LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $39,000. Parvin Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $43,000. Finally, Curat Global LLC bought a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at approximately $42,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CP. Stifel Nicolaus dropped their price objective 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. Susquehanna reaffirmed a "positive" rating and set a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Bank of America increased their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Barclays lowered their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.95.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded up $1.22 during trading on Tuesday, hitting $80.49. The stock had a trading volume of 1,811,806 shares, compared to its average volume of 2,809,556. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The firm has a market cap of $74.16 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 2.13 and a beta of 1.10. The business's 50-day moving average is $78.47 and its 200 day moving average is $76.11.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The company's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. As a group, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a $0.1644 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 22.30%.

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.