Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 90.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,559 shares of the transportation company's stock after acquiring an additional 3,124 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Canadian Pacific Kansas City were worth $461,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $27,000. Bernard Wealth Management Corp. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $31,000. Millstone Evans Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $36,000. Curio Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $39,000. Finally, Curat Global LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 1.4%

Shares of NYSE CP traded up $1.09 during mid-day trading on Tuesday, reaching $80.78. The company had a trading volume of 1,631,759 shares, compared to its average volume of 2,813,496. 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 50 day simple moving average of $79.47 and a two-hundred day simple moving average of $76.43. The stock has a market cap of $74.43 billion, a P/E ratio of 27.29, a PEG ratio of 2.23 and a beta of 1.07. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. 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. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 22.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CP shares. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Citigroup cut their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Barclays cut their target price on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Stifel Nicolaus cut their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.95.

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.