New England Research & Management Inc. Sells 9,517 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

New England Research & Management Inc. decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 33.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,263 shares of the transportation company's stock after selling 9,517 shares during the period. New England Research & Management Inc.'s holdings in Canadian Pacific Kansas City were worth $1,352,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CP. Bernard Wealth Management Corp. bought a new position in Canadian Pacific Kansas City in the 4th quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $33,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Finally, Curio Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $39,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CP shares. Jefferies Financial Group cut their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Susquehanna raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a research note on Thursday, May 1st. Bank of America raised their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. Barclays reduced their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, Citigroup cut their target price on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $90.66.

Canadian Pacific Kansas City Price Performance

CP stock traded up $1.61 during midday trading on Monday, reaching $82.03. 1,100,202 shares of the stock were exchanged, compared to its average volume of 2,796,587. The stock has a market capitalization of $75.59 billion, a PE ratio of 28.30, a P/E/G ratio of 2.00 and a beta of 1.10. 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 current ratio of 0.53 and a quick ratio of 0.46. The company has a fifty day moving average price of $76.98 and a 200 day moving average price of $75.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Canadian Pacific Kansas City's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal 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 given a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's payout ratio is 22.30%.

Canadian Pacific Kansas City 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.