Edmond DE Rothschild Holding S.A. Takes Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Edmond DE Rothschild Holding S.A. has invested approximately $421,000 to acquire 6,000 shares in Canadian Pacific Kansas City Limited during the first quarter, as reported in their 13F filing.
• Canadian Pacific recently declared a quarterly dividend of $0.1651 per share, reflecting an annualized dividend increase to $0.66, with a dividend yield of 0.9%.
• The stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $92.30 following multiple upgrades by various research firms.

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,000 shares of the transportation company's stock, valued at approximately $421,000.

Several other institutional investors have also recently made changes to their positions in CP. Bank of New York Mellon Corp increased its stake in Canadian Pacific Kansas City by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company's stock valued at $74,807,000 after buying an additional 31,508 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 70.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company's stock valued at $421,000 after acquiring an additional 2,467 shares during the last quarter. CX Institutional bought a new stake in Canadian Pacific Kansas City during the first quarter worth $61,000. Janney Montgomery Scott LLC boosted its position in Canadian Pacific Kansas City by 28.8% in the first quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company's stock worth $7,106,000 after purchasing an additional 22,606 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Canadian Pacific Kansas City by 1.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company's stock valued at $2,012,000 after purchasing an additional 290 shares during the period. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CP. Wall Street Zen raised shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Citigroup upped their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Bank of America upped their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Stock Up 1.2%

Shares of CP traded up $0.88 on Thursday, reaching $75.38. The stock had a trading volume of 1,239,673 shares, compared to its average volume of 3,179,001. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The firm has a market capitalization of $68.36 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. The company has a 50-day simple moving average of $76.74 and a 200-day simple moving average of $76.43.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.Canadian Pacific Kansas City's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 earnings per share. Sell-side analysts predict 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 declared 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 is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio is 20.56%.

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.