Versant Capital Management Inc Buys 3,100 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Versant Capital Management Inc raised its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 446.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,794 shares of the transportation company's stock after acquiring an additional 3,100 shares during the period. Versant Capital Management Inc's holdings in Canadian Pacific Kansas City were worth $266,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CP. Bernard Wealth Management Corp. bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. Kestra Investment Management LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $33,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth about $34,000. YANKCOM Partnership bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $36,000. Finally, Millstone Evans Group LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $36,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Barclays cut their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Jefferies Financial Group dropped their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average price target of $90.66.

Canadian Pacific Kansas City Trading Down 0.3%

Shares of NYSE:CP traded down $0.24 during trading on Monday, reaching $81.41. The stock had a trading volume of 3,067,632 shares, compared to its average volume of 2,796,034. 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 debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm's fifty day moving average is $74.78 and its 200 day moving average is $75.36. The stock has a market cap of $75.75 billion, a price-to-earnings ratio of 28.07, 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 released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (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 business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. Canadian Pacific Kansas City's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is presently 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.