Bristol John W & Co. Inc. NY Purchases 349,795 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Bristol John W & Co. Inc. NY grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 28.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,573,144 shares of the transportation company's stock after purchasing an additional 349,795 shares during the period. Canadian Pacific Kansas City makes up about 1.9% of Bristol John W & Co. Inc. NY's holdings, making the stock its 22nd biggest position. Bristol John W & Co. Inc. NY owned approximately 0.17% of Canadian Pacific Kansas City worth $113,848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Canadian Pacific Kansas City by 18.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock worth $60,000 after buying an additional 133 shares during the period. Wiser Advisor Group LLC raised its position in Canadian Pacific Kansas City by 9.5% in the fourth quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company's stock valued at $125,000 after purchasing an additional 150 shares during the period. Advisory Services Network LLC raised its position in Canadian Pacific Kansas City by 2.2% in the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock valued at $521,000 after purchasing an additional 152 shares during the period. Transatlantique Private Wealth LLC grew its stake in shares of Canadian Pacific Kansas City by 1.6% during the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock valued at $728,000 after acquiring an additional 157 shares in the last quarter. Finally, BKM Wealth Management LLC grew its stake in shares of Canadian Pacific Kansas City by 2.2% during the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company's stock valued at $526,000 after acquiring an additional 158 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Up 0.6%

Shares of CP traded up $0.48 during trading hours on Friday, reaching $81.69. 2,828,164 shares of the stock traded hands, compared to its average volume of 2,792,636. 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 stock has a fifty day simple moving average of $74.78 and a 200 day simple moving average of $75.36. 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 market cap of $76.01 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.00 and a beta of 1.09.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a $0.1644 dividend. The ex-dividend date of this dividend is Friday, June 27th. 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 dividend yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio is currently 21.28%.

Wall Street Analyst Weigh In

CP has been the subject of a number of research reports. Evercore ISI decreased their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Bank of America boosted their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Jefferies Financial Group dropped their price target 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. Finally, Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.63.

Canadian Pacific Kansas City 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.