Bridgewater Advisors Inc. Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Bridgewater Advisors Inc. bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,679 shares of the transportation company's stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CP. Proficio Capital Partners LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $2,602,000. Generali Asset Management SPA SGR bought a new position in Canadian Pacific Kansas City in the 4th quarter worth $1,542,000. Maryland State Retirement & Pension System grew its holdings in Canadian Pacific Kansas City by 0.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 55,143 shares of the transportation company's stock valued at $3,991,000 after buying an additional 390 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in Canadian Pacific Kansas City by 0.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 432,212 shares of the transportation company's stock valued at $31,279,000 after acquiring an additional 2,843 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $1,104,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CP. Wall Street Zen cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Evercore ISI lowered their price target on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus decreased 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. Jefferies Financial Group lowered their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Barclays increased their price objective on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Two investment 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, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.95.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded down $0.59 during trading on Thursday, hitting $80.26. 2,594,340 shares of the company were exchanged, compared to its average volume of 2,821,992. The stock has a 50 day moving average of $80.41 and a 200 day moving average of $76.75. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. 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 company has a market cap of $73.95 billion, a PE ratio of 27.11, a P/E/G ratio of 2.26 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting 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 for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The company's quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts predict 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. Shareholders of record on Friday, June 27th will be paid a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.82%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 22.30%.

About Canadian Pacific Kansas City

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.