Fiera Capital Corp Has $397.20 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Fiera Capital Corp has reduced its stake in Canadian Pacific Kansas City Limited by 0.1%, selling 7,514 shares, resulting in a total of 5,654,147 shares owned.
• Canadian Pacific Kansas City reported $0.74 earnings per share, matching analysts' expectations, with a revenue of $2.66 billion for the quarter, reflecting an 8.0% increase year-over-year.
• The company recently announced a quarterly dividend of $0.1644 per share, representing an annualized yield of 0.87%, which is an increase from its previous quarterly dividend of $0.13.

Fiera Capital Corp cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 0.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,654,147 shares of the transportation company's stock after selling 7,514 shares during the quarter. Canadian Pacific Kansas City accounts for 1.4% of Fiera Capital Corp's portfolio, making the stock its 22nd largest position. Fiera Capital Corp owned about 0.61% of Canadian Pacific Kansas City worth $397,198,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Ramirez Asset Management Inc. increased its position in shares of Canadian Pacific Kansas City by 43.3% during the 1st quarter. Ramirez Asset Management Inc. now owns 41,241 shares of the transportation company's stock valued at $2,896,000 after purchasing an additional 12,463 shares during the period. Viawealth LLC boosted its stake in shares of Canadian Pacific Kansas City by 3.1% during the 1st quarter. Viawealth LLC now owns 7,255 shares of the transportation company's stock worth $509,000 after acquiring an additional 217 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Canadian Pacific Kansas City by 6.5% during the 1st quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company's stock worth $1,147,220,000 after acquiring an additional 999,522 shares in the last quarter. TCW Group Inc. boosted its stake in shares of Canadian Pacific Kansas City by 4.9% during the 1st quarter. TCW Group Inc. now owns 192,220 shares of the transportation company's stock worth $13,496,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Canadian Pacific Kansas City by 0.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 334,189 shares of the transportation company's stock worth $23,450,000 after buying an additional 1,215 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CP has been the subject of several recent analyst reports. Susquehanna reaffirmed a "positive" rating and issued a $94.00 target price (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Jefferies Financial Group decreased their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Evercore ISI decreased their target price on 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. National Bank Financial raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Royal Bank Of Canada reduced their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.30.

Canadian Pacific Kansas City Stock Performance

CP traded down $0.30 on Friday, hitting $73.25. 2,151,316 shares of the stock traded hands, compared to its average volume of 3,223,229. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $67.24 billion, a PE ratio of 22.80, a P/E/G ratio of 2.12 and a beta of 1.07. The business has a fifty day moving average price of $79.88 and a two-hundred day moving average price of $76.93.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 28.05%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. On average, research 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 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.