Corient IA LLC Makes New $718,000 Investment in Canadian Pacific Kansas City Limited $CP

Key Points

• Corient IA LLC acquired 10,228 shares of Canadian Pacific Kansas City Limited, valued at approximately $718,000, in their recent 1st quarter filing.
• Canadian Pacific Kansas City recently announced an increase in its quarterly dividend to $0.1651 per share, up from $0.16, reflecting a positive financial outlook.
• A mix of brokerage ratings reflects varied analyst views, with 11 analysts rating the stock as a 'buy' and 2 as a 'sell', indicating cautious optimism in the market.

Corient IA LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,228 shares of the transportation company's stock, valued at approximately $718,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 59.5% during the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock valued at $1,192,471,000 after acquiring an additional 6,337,312 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Canadian Pacific Kansas City by 70.4% during the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock valued at $652,936,000 after acquiring an additional 3,842,866 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $126,928,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Canadian Pacific Kansas City by 44.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock valued at $351,723,000 after acquiring an additional 1,516,684 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Canadian Pacific Kansas City by 11.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after acquiring an additional 1,262,913 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CP shares. 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. Royal Bank Of Canada decreased their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Citigroup increased their price objective 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. Susquehanna reiterated a "positive" rating and issued a $94.00 price objective (up previously from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.30.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down $1.0260 during trading on Thursday, hitting $73.2640. 3,836,913 shares of the company's stock traded hands, compared to its average volume of 3,219,822. 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 market capitalization of $66.94 billion, a P/E ratio of 22.82, a PEG ratio of 2.10 and a beta of 1.06. The business has a 50-day simple moving average of $78.04 and a 200-day simple moving average of $76.65.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City's payout ratio is 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.