Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 6.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,331,108 shares of the transportation company's stock after purchasing an additional 83,705 shares during the quarter. Canadian Pacific Kansas City comprises about 3.2% of Cardinal Capital Management Inc.'s holdings, making the stock its 13th biggest holding. Cardinal Capital Management Inc. owned about 0.14% of Canadian Pacific Kansas City worth $93,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CP. Proficio Capital Partners LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $2,602,000. Phraction Management LLC increased its holdings in Canadian Pacific Kansas City by 53.6% in the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock valued at $963,000 after acquiring an additional 4,641 shares during the last quarter. Gallo Partners LP bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $4,373,000. LPL Financial LLC boosted its holdings in shares of Canadian Pacific Kansas City by 34.4% in the 4th quarter. LPL Financial LLC now owns 258,075 shares of the transportation company's stock worth $18,677,000 after purchasing an additional 66,125 shares during the period. Finally, Quilter Plc raised its position in Canadian Pacific Kansas City by 10.9% in the 4th quarter. Quilter Plc now owns 1,203,968 shares of the transportation company's stock worth $87,062,000 after purchasing an additional 118,753 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Citigroup dropped their target price on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays lowered 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 research note on Wednesday, April 2nd. Susquehanna raised their price target on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus decreased their price objective 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. 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 stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price of $90.66.

Canadian Pacific Kansas City Trading Down 0.9%

Shares of CP stock traded down $0.76 on Friday, hitting $80.39. The stock had a trading volume of 2,026,605 shares, compared to its average volume of 2,799,497. The firm has a market capitalization of $74.80 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.00 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year 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's 50 day moving average price is $76.72 and its 200-day moving average price is $75.77.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company's revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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. Investors of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.82%. The ex-dividend date 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 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.