Elefante Mark B Purchases New Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Elefante Mark B acquired a new position in Canadian Pacific Kansas City Limited, purchasing 5,140 shares valued at approximately $361,000.
• The company has recently increased its quarterly dividend to $0.1644 per share, yielding 0.86%, up from the previous $0.13.
• Canadian Pacific Kansas City reported earnings of $0.74 per share, matching analyst expectations, with a year-over-year revenue increase of 8.0% to $2.66 billion.

Elefante Mark B purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,140 shares of the transportation company's stock, valued at approximately $361,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cornerstone Planning Group LLC grew its holdings in Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after purchasing an additional 256 shares during the period. North Capital Inc. bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth $27,000. Bernard Wealth Management Corp. bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. Hexagon Capital Partners LLC boosted its holdings in shares of 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 worth $35,000 after acquiring an additional 164 shares during the period. Finally, Parvin Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $43,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE CP traded down $1.12 during trading hours on Monday, reaching $75.81. 998,378 shares of the stock traded hands, compared to its average volume of 3,185,149. The stock has a 50 day simple moving average of $80.35 and a two-hundred day simple moving average of $76.94. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The company has a market cap of $69.59 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the business posted $0.93 earnings per share. The company's revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 22.30%.

Analyst Ratings Changes

A number of research firms have recently commented on CP. Wall Street Zen lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Susquehanna reaffirmed a "positive" rating and issued a $94.00 price target (up from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Evercore ISI cut their price target on 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. Jefferies Financial Group cut their price target on 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, Citigroup raised 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.95.

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.