Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 149.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,095 shares of the transportation company's stock after purchasing an additional 6,055 shares during the period. Vise Technologies Inc.'s holdings in Canadian Pacific Kansas City were worth $731,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Novem Group purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $726,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Canadian Pacific Kansas City by 15.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,324,238 shares of the transportation company's stock valued at $240,423,000 after acquiring an additional 454,654 shares during the last quarter. Voloridge Investment Management LLC lifted its position in Canadian Pacific Kansas City by 291.5% during the fourth quarter. Voloridge Investment Management LLC now owns 403,673 shares of the transportation company's stock valued at $29,214,000 after acquiring an additional 300,555 shares during the last quarter. Waverly Advisors LLC lifted its position in Canadian Pacific Kansas City by 88.2% during the fourth quarter. Waverly Advisors LLC now owns 10,534 shares of the transportation company's stock valued at $762,000 after acquiring an additional 4,938 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in shares of Canadian Pacific Kansas City by 9.9% in the fourth quarter. Woodline Partners LP now owns 182,037 shares of the transportation company's stock worth $13,174,000 after buying an additional 16,388 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on CP shares. Stephens raised their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Barclays dropped their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Finally, 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 report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $90.63.

Canadian Pacific Kansas City Trading Up 0.3%

CP stock traded up $0.28 during trading on Friday, reaching $81.49. 840,445 shares of the stock were exchanged, compared to its average volume of 2,783,911. 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 business has a 50 day moving average price of $74.59 and a 200-day moving average price of $75.33. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The firm has a market capitalization of $75.82 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 2.00 and a beta of 1.09.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This is a boost 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 (DPR) is currently 21.28%.

About Canadian Pacific Kansas City

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.