Gulf International Bank UK Ltd Buys 51,861 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Gulf International Bank UK Ltd significantly increased its stake in Canadian Pacific Kansas City Limited by 2,701.1%, acquiring a total of 53,781 shares valued at approximately $3.78 million.
• Wall Street analysts are optimistic about the company's stock, with a consensus rating of "Moderate Buy" and an average target price of $92.30, reflecting several recent price target increases.
• Canadian Pacific Kansas City has announced a new quarterly dividend of $0.1651 per share, slightly up from the previous $0.16, indicating a positive outlook on their dividend policy.

Gulf International Bank UK Ltd raised its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2,701.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,781 shares of the transportation company's stock after buying an additional 51,861 shares during the quarter. Gulf International Bank UK Ltd's holdings in Canadian Pacific Kansas City were worth $3,776,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. grew its holdings in shares of Canadian Pacific Kansas City by 59.5% during the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock valued at $1,192,471,000 after purchasing an additional 6,337,312 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Canadian Pacific Kansas City by 70.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock worth $652,936,000 after purchasing an additional 3,842,866 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $126,928,000. Allspring Global Investments Holdings LLC lifted its position in shares of Canadian Pacific Kansas City by 44.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock valued at $351,723,000 after acquiring an additional 1,516,684 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of 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 valued at $899,805,000 after acquiring an additional 1,262,913 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded up $0.24 during trading hours on Friday, reaching $74.12. 1,649,125 shares of the stock traded hands, compared to its average volume of 3,530,983. The company has a 50 day moving average price of $78.45 and a 200 day moving average price of $76.74. The firm has a market capitalization of $67.72 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.08 and a beta of 1.06. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The company's revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a $0.1651 dividend. The ex-dividend date 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 payout ratio is 20.25%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of recent research reports. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Susquehanna reiterated 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 note on Tuesday, June 24th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Citigroup upped 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 research note on Wednesday, July 9th. Finally, Stephens upped their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $92.30.

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.