Maven Securities LTD Acquires Shares of 13,053 Canadian Pacific Kansas City Limited $CP

Key Points

• Maven Securities LTD acquired 13,053 shares of Canadian Pacific Kansas City Limited for approximately $916,000 in the first quarter, reflecting growing interest from institutional investors.
• The company has recently announced an increase in its quarterly dividend to $0.1651 per share, up from $0.16, representing an annual yield of 0.9%.
• Despite a slight miss on earnings per share in the most recent quarter, analysts maintain a generally positive outlook, with an average target price of $92.30 for the stock.

Maven Securities LTD bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,053 shares of the transportation company's stock, valued at approximately $916,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CP. Vanguard Group Inc. grew its stake in Canadian Pacific Kansas City by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company's stock valued at $2,606,624,000 after purchasing an additional 364,515 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Canadian Pacific Kansas City by 0.5% during the 1st quarter. TD Asset Management Inc now owns 20,865,404 shares of the transportation company's stock valued at $1,464,094,000 after buying an additional 104,077 shares during the last quarter. Invesco Ltd. grew its position in shares of Canadian Pacific Kansas City by 59.5% during the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock worth $1,192,471,000 after buying an additional 6,337,312 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Canadian Pacific Kansas City by 6.5% during the first quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company's stock worth $1,147,220,000 after buying an additional 999,522 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Canadian Pacific Kansas City by 11.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock worth $899,805,000 after buying an additional 1,262,913 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CP shares. 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 research note on Tuesday, June 24th. Barclays boosted their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Citigroup lifted their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Stephens boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Stock Up 1.8%

NYSE:CP opened at $74.85 on Wednesday. The firm has a market capitalization of $68.39 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 2.06 and a beta of 1.06. The stock has a 50 day moving average of $78.16 and a 200-day moving average of $76.66. 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 current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly 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 company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the business posted $1.05 EPS. The company's revenue for the quarter was up 2.7% on a year-over-year basis. Analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This is an increase 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%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's payout ratio is currently 20.56%.

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.

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