Canadian Pacific Kansas City Limited $CP is Consulta Ltd's 2nd Largest Position

Key Points

• Consulta Ltd has increased its stake in Canadian Pacific Kansas City Limited by 20%, acquiring an additional 500,000 shares, bringing its total ownership to 3,000,000 shares, valued at approximately $210.6 million.
• Several institutional investors, including Cornerstone Planning Group and Hexagon Capital Partners, have also increased their positions in Canadian Pacific Kansas City, indicating growing interest in the stock.
• Canadian Pacific Kansas City plans to pay a quarterly dividend of $0.1651 on October 27th, marking an increase from the previous dividend of $0.16.

Consulta Ltd boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 20.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000,000 shares of the transportation company's stock after acquiring an additional 500,000 shares during the period. Canadian Pacific Kansas City accounts for 14.2% of Consulta Ltd's investment portfolio, making the stock its 2nd largest holding. Consulta Ltd owned about 0.32% of Canadian Pacific Kansas City worth $210,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its holdings in Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after acquiring an additional 256 shares during the last quarter. North Capital Inc. bought a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $27,000. Cheviot Value Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $31,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after acquiring an additional 164 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Stephens upped their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Bank of America increased their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Citigroup increased their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $92.30.

Canadian Pacific Kansas City Stock Up 0.3%

Shares of NYSE:CP traded up $0.22 during trading on Tuesday, reaching $76.41. 2,119,387 shares of the stock were exchanged, compared to its average volume of 3,219,997. 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 Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The stock has a fifty day moving average of $77.23 and a two-hundred day moving average of $76.51. The firm has a market cap of $69.81 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The company had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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, October 27th. Investors of record on Friday, September 26th will be given a $0.1651 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's payout ratio is currently 20.56%.

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.