Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 42.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,957 shares of the transportation company's stock after purchasing an additional 22,914 shares during the quarter. Blue Zone Wealth Advisors LLC's holdings in Canadian Pacific Kansas City were worth $5,403,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CP. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $33,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $34,000. YANKCOM Partnership acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $36,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $36,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

CP traded up $0.02 during midday trading on Friday, hitting $81.88. 1,626,090 shares of the company traded hands, compared to its average volume of 2,799,470. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $76.19 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 2.00 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The business has a 50 day simple moving average of $75.86 and a two-hundred day simple moving average of $75.63.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders 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 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 22.30%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of research reports. Jefferies Financial Group cut their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Barclays dropped their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Bank of America raised their price target on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Royal Bank of Canada dropped their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.66.

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.