Keystone Investors PTE Ltd. Purchases New Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Keystone Investors PTE Ltd. invested approximately $966,000 in Canadian Pacific Kansas City Limited, acquiring 13,756 shares in the 1st quarter.
• The company announced an increase in its quarterly dividend to $0.1651, reflecting an annualized yield of 0.9%.
• Canadian Pacific Kansas City reported $0.81 EPS for the quarter, missing estimates, with revenue of $2.72 billion, also below expectations.

Keystone Investors PTE Ltd. purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,756 shares of the transportation company's stock, valued at approximately $966,000.

A number of other large investors have also recently modified their holdings of the company. Causeway Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 76.5% during the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after acquiring an additional 6,687,770 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Canadian Pacific Kansas City by 70.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock valued at $652,936,000 after purchasing an additional 3,842,866 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $126,928,000. Allspring Global Investments Holdings LLC raised its position in shares of Canadian Pacific Kansas City by 44.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock valued at $351,723,000 after purchasing an additional 1,516,684 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Canadian Pacific Kansas City by 11.3% in the 4th 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 purchasing an additional 1,262,913 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded down $0.35 during mid-day trading on Friday, hitting $75.04. 2,329,077 shares of the stock were exchanged, compared to its average volume of 3,493,928. The firm has a fifty day moving average of $79.18 and a 200 day moving average of $76.91. 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. The company has a market cap of $68.56 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%. The firm had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company's revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company 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 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio is currently 20.56%.

Wall Street Analysts Forecast Growth

CP has been the subject of several research analyst reports. Citigroup increased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. National Bank Financial raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Susquehanna reissued a "positive" rating and issued a $94.00 target price (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Finally, Bank of America upped their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.30.

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.