Fayez Sarofim & Co Acquires 9,171 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Fayez Sarofim & Co increased its stake in Canadian Pacific Kansas City to approximately $341 million, owning 4,789,114 shares after acquiring an additional 9,171 shares in the first quarter.
• Canadian Pacific Kansas City recently declared a quarterly dividend increase to $0.1651 per share, representing an annualized dividend of $0.66 and a yield of 0.9%.
• The company's latest financial results showed earnings per share of $0.81, which was below analysts' expectations, alongside a 2.7% year-over-year revenue growth to $2.72 billion.

Fayez Sarofim & Co grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,789,114 shares of the transportation company's stock after acquiring an additional 9,171 shares during the period. Fayez Sarofim & Co owned 0.51% of Canadian Pacific Kansas City worth $340,970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Canadian Pacific Kansas City by 1.0% during the first quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company's stock worth $2,606,624,000 after acquiring an additional 364,515 shares during the last quarter. TD Asset Management Inc grew its stake in Canadian Pacific Kansas City by 0.5% during the 1st quarter. TD Asset Management Inc now owns 20,865,404 shares of the transportation company's stock valued at $1,464,094,000 after acquiring an additional 104,077 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Canadian Pacific Kansas City by 6.5% during the first quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company's stock valued at $1,147,220,000 after acquiring an additional 999,522 shares during the last quarter. Causeway Capital Management LLC lifted its stake in Canadian Pacific Kansas City by 76.5% in the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after acquiring an additional 6,687,770 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Canadian Pacific Kansas City by 11.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock worth $899,805,000 after acquiring an additional 1,262,913 shares during the period. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded down $0.72 on Monday, reaching $74.30. The company's stock had a trading volume of 1,330,764 shares, compared to its average volume of 3,238,102. The stock has a market capitalization of $67.89 billion, a P/E ratio of 23.12, a PEG ratio of 2.11 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The stock's 50 day simple moving average is $79.18 and its two-hundred day simple moving average is $76.89. 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 (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a $0.1651 dividend. This represents a $0.66 dividend on an annualized basis 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 is Friday, September 26th. Canadian Pacific Kansas City's payout ratio is presently 20.25%.

Analysts Set New Price Targets

A number of research firms have issued reports on CP. Barclays boosted their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Susquehanna reissued 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 lowered their price target on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Finally, Citigroup increased their target price on shares of 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 investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus target price of $92.30.

About Canadian Pacific Kansas City

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.