Douglas Lane & Associates LLC Acquires 19,387 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• Douglas Lane & Associates LLC increased its stake in Canadian Pacific Kansas City (NYSE:CP) by 12.1%, buying 19,387 shares to hold 179,258 shares valued at about $13.199 million at the end of the quarter.
• Institutional ownership is high, with approximately 72.20% of CP shares held by hedge funds and other institutional investors.
• Equity analysts give CP an overall "Moderate Buy" consensus with an average price target of $92.45, comprising nine Buy and five Hold ratings.

Douglas Lane & Associates LLC lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,258 shares of the transportation company's stock after buying an additional 19,387 shares during the period. Douglas Lane & Associates LLC's holdings in Canadian Pacific Kansas City were worth $13,199,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dilation Capital Management LP boosted its stake in shares of Canadian Pacific Kansas City by 4.4% during the 3rd quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company's stock worth $12,683,000 after purchasing an additional 7,105 shares during the period. Meixler Investment Management Ltd. purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $1,644,000. AGF Management Ltd. boosted its stake in shares of Canadian Pacific Kansas City by 9.9% during the 3rd quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company's stock worth $149,215,000 after purchasing an additional 180,419 shares during the period. Nicola Wealth Management LTD. boosted its stake in shares of Canadian Pacific Kansas City by 46.8% during the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company's stock worth $10,539,000 after purchasing an additional 45,100 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Canadian Pacific Kansas City by 1.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company's stock worth $83,985,000 after purchasing an additional 14,916 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CP shares. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $86.00 to $93.00 and gave the company a "buy" rating in a research report on Tuesday. Sanford C. Bernstein boosted their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a "market perform" rating in a research report on Tuesday, March 31st. Barclays lowered their price objective on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an "overweight" rating for the company in a research report on Friday, March 27th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $92.45.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $81.32 on Friday. The company has a 50 day moving average price of $81.77 and a 200-day moving average price of $76.28. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $89.42. The stock has a market capitalization of $72.56 billion, a PE ratio of 25.18, a PEG ratio of 1.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.85 billion. During the same period in the previous year, the company posted $1.29 EPS. Canadian Pacific Kansas City's revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 20.74%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC's core business is freight transportation and related logistics services.

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