Lansforsakringar Fondforvaltning AB publ Invests $14.58 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 201,601 shares of the transportation company's stock, valued at approximately $14,583,000.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $2,602,000. Oak Family Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $262,000. Barclays PLC lifted its holdings in shares of Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock valued at $250,602,000 after buying an additional 81,111 shares during the period. Phraction Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 53.6% in the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock valued at $963,000 after buying an additional 4,641 shares during the period. Finally, Gallo Partners LP acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $4,373,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded up $0.48 during mid-day trading on Friday, hitting $81.69. 2,828,164 shares of the company were exchanged, compared to its average volume of 2,794,954. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business's 50 day simple moving average is $74.78 and its two-hundred day simple moving average is $75.36. The company has a market capitalization of $76.01 billion, a P/E ratio of 28.17, a PEG ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 21.28%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Bank of America raised their price objective on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Evercore ISI dropped their price objective on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Susquehanna raised their price objective on 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. Finally, Royal Bank of Canada dropped their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and a consensus target price of $90.63.

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.