Canadian Pacific Kansas City Limited $CP Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Key Points

• Van Lanschot Kempen Investment Management N.V. has increased its stake in Canadian Pacific Kansas City by 11.6%, now owning 121,153 shares worth approximately $8.5 million.
• The company recently declared a quarterly dividend of $0.1651 per share, representing an increase from its previous dividend and reflecting a yield of 0.9%.
• Canadian Pacific Kansas City reported earnings per share of $0.81 for the last quarter, missing estimates, but their revenue of $2.72 billion is a 2.7% increase compared to the same quarter last year.

Van Lanschot Kempen Investment Management N.V. increased its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 11.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,153 shares of the transportation company's stock after purchasing an additional 12,626 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Canadian Pacific Kansas City were worth $8,506,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CP. Vanguard Group Inc. boosted its position in shares of Canadian Pacific Kansas City by 1.0% during the first quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company's stock worth $2,606,624,000 after purchasing an additional 364,515 shares in the last quarter. TD Asset Management Inc raised its stake in Canadian Pacific Kansas City by 0.5% in the 1st quarter. TD Asset Management Inc now owns 20,865,404 shares of the transportation company's stock valued at $1,464,094,000 after acquiring an additional 104,077 shares during the period. Invesco Ltd. boosted its stake in Canadian Pacific Kansas City by 59.5% in 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. Mackenzie Financial Corp grew its holdings in shares of Canadian Pacific Kansas City by 6.5% during the 1st quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company's stock worth $1,147,220,000 after purchasing an additional 999,522 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of 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 worth $899,805,000 after buying an additional 1,262,913 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent research reports. 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 report on Thursday, July 10th. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Citigroup boosted their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and a consensus price target of $92.30.

Canadian Pacific Kansas City Trading Up 2.2%

Shares of Canadian Pacific Kansas City stock traded up $1.6080 during trading on Friday, hitting $74.8380. The stock had a trading volume of 4,538,451 shares, compared to its average volume of 3,344,345. The firm's fifty day simple moving average is $77.77 and its 200-day simple moving average is $76.61. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a market cap of $68.37 billion, a PE ratio of 23.31, a PEG ratio of 2.09 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 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 company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a $0.1651 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City's payout ratio is presently 20.56%.

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.