Aviso Financial Inc. Raises Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Aviso Financial Inc. increased its stake in Canadian Pacific Kansas City Limited by 5.6%, now holding over 1 million shares, which represents 3.7% of its total holdings.
• Shares of Canadian Pacific Kansas City recently saw a price target increase from Susquehanna to $94.00, while the average rating remains a "Moderate Buy" with a target of $92.30.
• The company has announced a quarterly dividend increase to $0.1651 per share, with the next payout scheduled for October 27th, boosting the yield to 0.9%.

Aviso Financial Inc. increased its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,068,821 shares of the transportation company's stock after buying an additional 56,515 shares during the quarter. Canadian Pacific Kansas City accounts for approximately 3.7% of Aviso Financial Inc.'s investment portfolio, making the stock its 6th largest position. Aviso Financial Inc. owned approximately 0.11% of Canadian Pacific Kansas City worth $75,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CP. Invesco Ltd. increased its position in Canadian Pacific Kansas City by 59.5% during the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock valued at $1,192,471,000 after purchasing an additional 6,337,312 shares during the period. Goldman Sachs Group Inc. increased its position in Canadian Pacific Kansas City by 70.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock valued at $652,936,000 after purchasing an additional 3,842,866 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Canadian Pacific Kansas City during the 1st quarter valued at approximately $126,928,000. Allspring Global Investments Holdings LLC increased its position in Canadian Pacific Kansas City by 44.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock valued at $351,723,000 after purchasing an additional 1,516,684 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Canadian Pacific Kansas City by 11.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after purchasing an additional 1,262,913 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Down 1.4%

Shares of CP stock traded down $1.0260 during trading hours on Thursday, hitting $73.2640. 3,836,913 shares of the company were exchanged, compared to its average volume of 3,220,243. The firm has a market cap of $66.94 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.10 and a beta of 1.06. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. The company has a 50 day simple moving average of $78.04 and a two-hundred day simple moving average of $76.65.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. Canadian Pacific Kansas City's revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts anticipate 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, October 27th. Investors of record on Friday, September 26th will be issued a $0.1651 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.56%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. The Goldman Sachs Group reissued 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. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Finally, Susquehanna reaffirmed a "positive" rating and set a $94.00 price objective (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus target price of $92.30.

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.