Bank Julius Baer & Co. Ltd Zurich Has $15.20 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 216,461 shares of the transportation company's stock after selling 23,689 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Canadian Pacific Kansas City were worth $15,198,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Cornerstone Planning Group LLC raised its holdings in shares of 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 valued at $28,000 after purchasing an additional 256 shares during the last quarter. North Capital Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $31,000. Hexagon Capital Partners LLC raised its holdings 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 last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

CP stock traded up $0.72 during midday trading on Friday, reaching $76.86. 2,593,114 shares of the company were exchanged, compared to its average volume of 2,624,872. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The business has a 50-day moving average price of $80.35 and a two-hundred day moving average price of $76.93. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The firm has a market capitalization of $70.56 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research 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 announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 22.30%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CP. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Bank of America lifted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.95.

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.