Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 30.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,773 shares of the transportation company's stock after selling 14,268 shares during the period. Louisbourg Investments Inc.'s holdings in Canadian Pacific Kansas City were worth $2,302,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CP. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $33,000. Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $36,000. Curio Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $39,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $43,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $81.66 on Tuesday. 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 quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $75.24 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.00 and a beta of 1.10. The stock's fifty day moving average is $77.27 and its two-hundred day moving average is $75.85.

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

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's payout ratio is currently 22.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CP. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Susquehanna lifted their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research note on Thursday, May 1st. Evercore ISI reduced their price objective on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Citigroup reduced their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $90.66.

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.

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