Locust Wood Capital Advisers LLC Purchases 133,808 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Locust Wood Capital Advisers LLC increased its holdings in Canadian Pacific Kansas City by 11.1% in Q1, now owning 1,340,162 shares valued at approximately $94 million.
• Several brokerages have raised their price targets for Canadian Pacific Kansas City, with Bank of America setting a target of $90.00 and Stephens at $97.00, reflecting a positive outlook on the stock.
• Canadian Pacific Kansas City recently announced a quarterly dividend increase to $0.1651 per share, with a yield of 0.9%, payable on October 27th.

Locust Wood Capital Advisers LLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 11.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,340,162 shares of the transportation company's stock after acquiring an additional 133,808 shares during the period. Canadian Pacific Kansas City makes up about 3.0% of Locust Wood Capital Advisers LLC's portfolio, making the stock its 16th biggest holding. Locust Wood Capital Advisers LLC owned approximately 0.14% of Canadian Pacific Kansas City worth $94,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Causeway Capital Management LLC lifted its stake in Canadian Pacific Kansas City by 76.5% in the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after purchasing an additional 6,687,770 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Canadian Pacific Kansas City by 70.4% during the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock worth $652,936,000 after buying an additional 3,842,866 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $126,928,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 acquiring an additional 1,516,684 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew 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 worth $899,805,000 after acquiring an additional 1,262,913 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.5%

Canadian Pacific Kansas City stock traded down $0.35 during trading on Friday, hitting $75.04. 2,329,077 shares of the company were exchanged, compared to its average volume of 3,493,928. The company has a market capitalization of $68.56 billion, a P/E ratio of 23.38, a PEG ratio of 2.11 and a beta of 1.06. The business's 50 day moving average is $79.18 and its 200 day moving average is $76.91. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%. Canadian Pacific Kansas City's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio is 20.56%.

Analysts Set New Price Targets

CP has been the subject of several research reports. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada dropped their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Stephens raised their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.