King Luther Capital Management Corp Grows Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• King Luther Capital Management Corp increased its holdings in Canadian Pacific Kansas City by 46.2%, acquiring an additional 3,367 shares and valuing its total investment at approximately $748,000.
• Recent analyst reports have set new price targets for Canadian Pacific Kansas City, with ratings ranging from "sell" to "strong buy", reflecting a consensus target price of $92.30.
• The company has declared a quarterly dividend of $0.1651, marking an increase from its previous dividend, and will be paid out on October 27th.

King Luther Capital Management Corp lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 46.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,649 shares of the transportation company's stock after buying an additional 3,367 shares during the quarter. King Luther Capital Management Corp's holdings in Canadian Pacific Kansas City were worth $748,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CP. Cornerstone Planning Group LLC raised 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 buying an additional 256 shares during the last quarter. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth $27,000. Cheviot Value Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $31,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of 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 purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.3%

Shares of Canadian Pacific Kansas City stock traded up $0.24 during midday trading on Friday, reaching $74.12. The company had a trading volume of 1,649,125 shares, compared to its average volume of 3,223,864. The stock has a fifty day moving average price of $78.61 and a 200 day moving average price of $76.78. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The firm has a market cap of $67.72 billion, a PE ratio of 23.09, a P/E/G ratio of 2.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data 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 analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company's revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. On average, equities 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. Shareholders of record on Friday, September 26th will be paid a $0.1651 dividend. The ex-dividend date is Friday, September 26th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio is presently 20.56%.

Analyst Ratings Changes

CP has been the topic of several recent analyst reports. Susquehanna reiterated a "positive" rating and set a $94.00 price objective (up from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Royal Bank Of Canada cut their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Finally, Citigroup raised their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus target price of $92.30.

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.