Intrua Financial LLC Makes New Investment in Canadian Pacific Kansas City Limited $CP

Key Points

• Intrua Financial LLC acquired 3,545 shares of Canadian Pacific Kansas City Limited, valued at approximately $249,000, in the 1st quarter as per their recent SEC filing.
• The transportation company's stock is currently rated as a "Moderate Buy" by analysts, with an average target price of $92.30.
• Canadian Pacific Kansas City recently announced an increase in its quarterly dividend to $0.1651 per share, up from the previous $0.16.

Intrua Financial LLC bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,545 shares of the transportation company's stock, valued at approximately $249,000.

Several other large investors have also bought and sold shares of the business. Cornerstone Planning Group LLC increased its position in Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after purchasing an additional 256 shares in the last quarter. North Capital Inc. bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth $27,000. Cheviot Value Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth $30,000. Bernard Wealth Management Corp. bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth $31,000. Finally, Hexagon Capital Partners LLC grew its position in Canadian Pacific Kansas City by 49.5% during the 1st 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 last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CP shares. Stephens raised their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Susquehanna reiterated a "positive" rating and set a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Finally, Citigroup raised their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Canadian Pacific Kansas City Stock Up 0.2%

CP traded up $0.18 during midday trading on Tuesday, hitting $76.11. The company had a trading volume of 4,004,599 shares, compared to its average volume of 3,177,148. The company has a market capitalization of $69.02 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.10 and a beta of 1.06. The stock's 50 day moving average price is $76.44 and its 200 day moving average price is $76.39. 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 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 issued 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 firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 earnings per share. On average, research analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors 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 is presently 20.25%.

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.