Focus Partners Wealth Acquires 65,421 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• Focus Partners Wealth increased its stake in Canadian Pacific Kansas City Limited by 11.5%, now owning approximately 0.07% of the company, valued at about $44.54 million.
• Several analysts have raised their price targets for CP shares, with Citigroup setting a new target of $94.00 and National Bank Financial upgrading the stock to a strong-buy rating.
• Canadian Pacific Kansas City recently declared a quarterly dividend increase to $0.1651 per share, reflecting a 0.9% dividend yield.

Focus Partners Wealth grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 11.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 634,366 shares of the transportation company's stock after acquiring an additional 65,421 shares during the quarter. Focus Partners Wealth owned 0.07% of Canadian Pacific Kansas City worth $44,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Insight Partners LLC increased its stake in Canadian Pacific Kansas City by 0.4% during the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock worth $2,858,000 after purchasing an additional 143 shares in the last quarter. Davidson Trust Co. increased its stake in Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock worth $327,000 after purchasing an additional 144 shares in the last quarter. Redmond Asset Management LLC increased its stake in Canadian Pacific Kansas City by 0.5% during the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company's stock worth $2,220,000 after purchasing an additional 148 shares in the last quarter. Tradewinds LLC. increased its stake in Canadian Pacific Kansas City by 3.8% during the 1st quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock worth $304,000 after purchasing an additional 157 shares in the last quarter. Finally, Financial Partners Group Inc increased its stake in Canadian Pacific Kansas City by 0.3% during the 1st quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company's stock worth $3,464,000 after purchasing an additional 158 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $0.41 during mid-day trading on Tuesday, hitting $76.34. 817,618 shares of the company's stock traded hands, compared to its average volume of 3,158,500. 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 $69.23 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 2.10 and a beta of 1.06. The firm has a 50 day simple moving average of $76.44 and a two-hundred day simple moving average of $76.39. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. On average, research 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.56%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CP. Wall Street Zen cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday. 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 note on Monday, June 2nd. National Bank Financial raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Finally, Citigroup raised their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Company 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.