Canadian Pacific Kansas City Limited (NYSE:CP) Stock Position Increased by Gold Investment Management Ltd.

Gold Investment Management Ltd. lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,823 shares of the transportation company's stock after acquiring an additional 3,547 shares during the period. Canadian Pacific Kansas City accounts for about 2.5% of Gold Investment Management Ltd.'s investment portfolio, making the stock its 6th largest position. Gold Investment Management Ltd.'s holdings in Canadian Pacific Kansas City were worth $5,815,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Bernard Wealth Management Corp. bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $31,000. Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth $36,000. Curio Wealth LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth $39,000. Curat Global LLC acquired a new position in Canadian Pacific Kansas City in the first quarter worth $42,000. Finally, Parvin Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth $43,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down $0.68 during trading hours on Friday, hitting $78.32. 5,225,634 shares of the company's stock traded hands, compared to its average volume of 2,811,693. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The stock has a market capitalization of $72.17 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.13 and a beta of 1.10. The company has a fifty day simple moving average of $78.35 and a 200-day simple moving average of $76.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a $0.1644 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio is 17.91%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CP. Susquehanna reiterated a "positive" rating and issued a $94.00 price objective (up previously from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Stifel Nicolaus lowered their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a report on Monday, April 14th. Citigroup lowered their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Finally, Evercore ISI lowered their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $90.95.

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.