Hemenway Trust Co LLC Increases Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Hemenway Trust Co LLC grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 98.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,856 shares of the transportation company's stock after purchasing an additional 10,371 shares during the quarter. Hemenway Trust Co LLC's holdings in Canadian Pacific Kansas City were worth $1,464,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CP. Vanguard Group Inc. raised its holdings in shares of Canadian Pacific Kansas City by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock valued at $2,662,978,000 after buying an additional 491,966 shares in the last quarter. Causeway Capital Management LLC increased its stake in Canadian Pacific Kansas City by 76.5% in the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after purchasing an additional 6,687,770 shares during the period. Mackenzie Financial Corp increased its stake in Canadian Pacific Kansas City by 1.8% in the 4th quarter. Mackenzie Financial Corp now owns 15,348,282 shares of the transportation company's stock worth $1,110,111,000 after purchasing an additional 276,223 shares during the period. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $914,090,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Canadian Pacific Kansas City by 11.3% during the fourth 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 buying an additional 1,262,913 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

CP has been the topic of several analyst reports. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Evercore ISI dropped their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Royal Bank Of Canada decreased their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Susquehanna boosted their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research note on Thursday, May 1st. Finally, Barclays reduced their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.66.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded up $0.04 during midday trading on Friday, reaching $80.19. 3,218,934 shares of the stock traded hands, compared to its average volume of 2,785,599. The stock has a market cap of $73.89 billion, a P/E ratio of 27.09, a PEG ratio of 2.18 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The stock's fifty day moving average is $77.85 and its 200-day moving average is $75.96. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $0.93 EPS. Canadian Pacific Kansas City's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a $0.1644 dividend. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 17.91%.

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.