Canadian Pacific Kansas City Limited $CP Shares Bought by Hemenway Trust Co LLC

Hemenway Trust Co LLC raised its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,015 shares of the transportation company's stock after acquiring an additional 12,362 shares during the period. Hemenway Trust Co LLC's holdings in Canadian Pacific Kansas City were worth $4,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CP. Dilation Capital Management LP lifted its stake in shares of Canadian Pacific Kansas City by 4.4% during the third quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company's stock worth $12,683,000 after buying an additional 7,105 shares during the period. Meixler Investment Management Ltd. acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $1,644,000. AGF Management Ltd. lifted its stake in shares of Canadian Pacific Kansas City by 9.9% during the third quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company's stock worth $149,215,000 after buying an additional 180,419 shares during the period. Nicola Wealth Management LTD. lifted its stake in shares of Canadian Pacific Kansas City by 46.8% during the third quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company's stock worth $10,539,000 after buying an additional 45,100 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Canadian Pacific Kansas City by 1.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company's stock worth $83,985,000 after buying an additional 14,916 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 0.4%

Shares of Canadian Pacific Kansas City stock opened at $83.50 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.41. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $89.42. The firm has a fifty day moving average price of $82.44 and a 200 day moving average price of $77.19. The stock has a market cap of $74.13 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 EPS. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.75 earnings per share 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 27th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 1.3%. Canadian Pacific Kansas City's payout ratio is presently 20.68%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CP. ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, April 17th. Sanford C. Bernstein lifted their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a "market perform" rating in a research note on Tuesday, March 31st. Evercore lowered their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday, January 29th. Royal Bank Of Canada lowered their price objective on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an "outperform" rating for the company in a research note on Thursday, April 30th. Finally, National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average price target of $95.30.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC's core business is freight transportation and related logistics services.

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