NorthCrest Asset Manangement LLC Boosts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

NorthCrest Asset Manangement LLC boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 216,998 shares of the transportation company's stock after purchasing an additional 3,589 shares during the period. NorthCrest Asset Manangement LLC's holdings in Canadian Pacific Kansas City were worth $15,704,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Bernard Wealth Management Corp. purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Finally, Millstone Evans Group LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Up 0.6%

Shares of NYSE CP traded up $0.48 during midday trading on Friday, hitting $81.69. The company's stock had a trading volume of 2,828,164 shares, compared to its average volume of 2,794,954. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a market capitalization of $76.01 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The business's fifty day simple moving average is $74.78 and its two-hundred day simple moving average is $75.36. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the company posted $0.93 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS 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 issued a dividend of $0.1644 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio is 21.28%.

Analysts Set New Price Targets

CP has been the topic of a number of research analyst reports. Royal Bank of Canada lowered 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. Barclays lowered their target price on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Finally, Susquehanna increased their price objective on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.63.

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.