Charles Schwab Investment Management Inc. Increases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Charles Schwab Investment Management Inc. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,185,195 shares of the transportation company's stock after purchasing an additional 54,581 shares during the period. Charles Schwab Investment Management Inc. owned 0.23% of Canadian Pacific Kansas City worth $153,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Capital Insight Partners LLC lifted its stake in Canadian Pacific Kansas City by 0.4% during the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock valued at $2,858,000 after acquiring an additional 143 shares during the period. Davidson Trust Co. lifted its stake in Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock valued at $327,000 after acquiring an additional 144 shares during the period. Advisory Services Network LLC lifted its stake in Canadian Pacific Kansas City by 2.2% during the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock valued at $521,000 after acquiring an additional 152 shares during the period. Transatlantique Private Wealth LLC lifted its stake in Canadian Pacific Kansas City by 1.6% during the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock valued at $728,000 after acquiring an additional 157 shares during the period. Finally, Tradewinds LLC. lifted its stake in Canadian Pacific Kansas City by 3.8% during the 1st quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock valued at $304,000 after acquiring an additional 157 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CP has been the subject of several research reports. Royal Bank Of Canada decreased 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 note on Thursday, May 1st. Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Bank of America boosted their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and a consensus target price of $92.30.

Canadian Pacific Kansas City Price Performance

NYSE CP traded down $1.74 on Thursday, hitting $73.89. The company had a trading volume of 2,327,770 shares, compared to its average volume of 3,230,304. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The company has a market capitalization of $67.51 billion, a PE ratio of 23.02, a PEG ratio of 2.11 and a beta of 1.06. The company's fifty day moving average price is $78.77 and its 200-day moving average price is $76.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%. The business had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the previous year, the company earned $1.05 EPS. Canadian Pacific Kansas City's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City's payout ratio is currently 20.25%.

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.