Janney Montgomery Scott LLC Buys 22,606 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Janney Montgomery Scott LLC boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 28.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,211 shares of the transportation company's stock after purchasing an additional 22,606 shares during the period. Janney Montgomery Scott LLC's holdings in Canadian Pacific Kansas City were worth $7,106,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CP. Principal Securities Inc. lifted its position in Canadian Pacific Kansas City by 8.5% in the fourth quarter. Principal Securities Inc. now owns 7,764 shares of the transportation company's stock worth $562,000 after purchasing an additional 610 shares during the period. Kestra Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $33,000. New York State Common Retirement Fund increased its holdings in shares of Canadian Pacific Kansas City by 37.8% in the fourth quarter. New York State Common Retirement Fund now owns 168,229 shares of the transportation company's stock valued at $12,175,000 after buying an additional 46,171 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Canadian Pacific Kansas City by 41.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,523 shares of the transportation company's stock valued at $255,000 after buying an additional 1,039 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Canadian Pacific Kansas City by 7.4% in the fourth quarter. Allianz Asset Management GmbH now owns 851,854 shares of the transportation company's stock valued at $61,647,000 after buying an additional 58,709 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.0%

Shares of NYSE CP traded up $0.04 during mid-day trading on Friday, reaching $80.19. The company had a trading volume of 3,218,934 shares, compared to its average volume of 2,785,599. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. The stock has a market capitalization of $73.89 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10. The stock's 50 day moving average is $77.85 and its 200-day moving average is $75.96.

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, hitting the consensus estimate 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 business's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, equities 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 firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a yield of 0.82%. 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 is presently 17.91%.

Analyst Ratings Changes

Several research firms have issued reports on CP. Citigroup dropped their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America upped their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Susquehanna upped their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Two 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.66.

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.