Douglas Lane & Associates LLC Makes New $4.53 Million Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Douglas Lane & Associates LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 64,464 shares of the transportation company's stock, valued at approximately $4,526,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CP. Bernard Wealth Management Corp. purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $34,000. YANKCOM Partnership purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. Finally, Millstone Evans Group LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

CP traded down $0.23 on Thursday, hitting $81.80. 1,506,457 shares of the company's stock were exchanged, compared to its average volume of 2,796,268. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $75.64 and a 200-day moving average price of $75.56. The stock has a market cap of $76.11 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 2.00 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The firm's quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities 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 firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a yield of 0.80%. 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CP shares. Barclays reduced their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group reissued a "neutral" rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a research report on Monday. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Jefferies Financial Group cut their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Evercore ISI cut their target price on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $90.66.

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.