Intact Investment Management Inc. Has $42.33 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Intact Investment Management Inc. increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 189.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 603,041 shares of the transportation company's stock after purchasing an additional 394,580 shares during the quarter. Canadian Pacific Kansas City makes up approximately 1.5% of Intact Investment Management Inc.'s holdings, making the stock its 20th biggest holding. Intact Investment Management Inc. owned approximately 0.06% of Canadian Pacific Kansas City worth $42,326,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of Canadian Pacific Kansas City by 18.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock worth $60,000 after purchasing an additional 133 shares in the last quarter. Wiser Advisor Group LLC increased its position in Canadian Pacific Kansas City by 9.5% in the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company's stock valued at $125,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC increased its position in Canadian Pacific Kansas City by 2.2% in the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock valued at $521,000 after acquiring an additional 152 shares in the last quarter. Transatlantique Private Wealth LLC increased its position in Canadian Pacific Kansas City by 1.6% in the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock valued at $728,000 after acquiring an additional 157 shares in the last quarter. Finally, OneAscent Financial Services LLC increased its position in Canadian Pacific Kansas City by 4.7% in the 4th quarter. OneAscent Financial Services LLC now owns 3,745 shares of the transportation company's stock valued at $271,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CP. Jefferies Financial Group lowered their price objective on shares of 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. Susquehanna raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a research note on Thursday, May 1st. Barclays reduced 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. Evercore ISI reduced their target price on shares of 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. Finally, The Goldman Sachs Group reaffirmed 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.66.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $80.19 on Friday. The company has a market cap of $73.89 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.18 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The company's fifty day simple moving average is $77.85 and its 200 day simple moving average is $75.97. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

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 EPS for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. On average, research analysts forecast 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, July 28th. Stockholders 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 0.82%. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's payout ratio is presently 17.91%.

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.

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