Headlands Technologies LLC Invests $721,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Headlands Technologies LLC invested $721,000 in Canadian Pacific Kansas City Limited, acquiring 10,275 shares during the first quarter.
• Canadian Pacific Kansas City recently declared a quarterly dividend of $0.1651 per share, increasing from the previous $0.16 dividend.
• The company's stock has a market cap of $68.56 billion and is currently rated as a "Moderate Buy" with a consensus price target of $92.30.

Headlands Technologies LLC purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,275 shares of the transportation company's stock, valued at approximately $721,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in shares of Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after acquiring an additional 256 shares during the period. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City in the first quarter worth approximately $27,000. Cheviot Value Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the first quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $31,000. Finally, Hexagon Capital Partners LLC lifted its stake 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. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CP shares. Wall Street Zen lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Evercore ISI dropped their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Royal Bank Of Canada dropped their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Barclays upped their target price on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Bank of America upped their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Stock Up 0.5%

Canadian Pacific Kansas City stock traded up $0.40 during trading on Tuesday, hitting $74.92. 2,632,343 shares of the company were exchanged, compared to its average volume of 3,245,234. The company has a market capitalization of $68.45 billion, a P/E ratio of 23.34, a PEG ratio of 2.11 and a beta of 1.06. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The business's 50 day moving average is $79.04 and its 200 day moving average is $76.85. 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 released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%. The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. 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. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 20.56%.

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.