Montrusco Bolton Investments Inc. Has $1.82 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Montrusco Bolton Investments Inc. cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 20.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,928 shares of the transportation company's stock after selling 6,619 shares during the period. Montrusco Bolton Investments Inc.'s holdings in Canadian Pacific Kansas City were worth $1,819,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CP. Capital A Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth $169,000. Bridgewater Advisors Inc. bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth $337,000. Larson Financial Group LLC grew its stake in shares of Canadian Pacific Kansas City by 44.3% in the first quarter. Larson Financial Group LLC now owns 3,920 shares of the transportation company's stock worth $275,000 after purchasing an additional 1,204 shares in the last quarter. West Family Investments Inc. bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth $201,000. Finally, Whittier Trust Co. grew its stake in shares of Canadian Pacific Kansas City by 3.8% in the first quarter. Whittier Trust Co. now owns 25,450 shares of the transportation company's stock worth $1,787,000 after purchasing an additional 923 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.7%

Canadian Pacific Kansas City stock traded down $0.59 during mid-day trading on Thursday, hitting $80.26. The company's stock had a trading volume of 2,594,340 shares, compared to its average volume of 2,821,992. The firm's 50 day moving average is $80.41 and its 200 day moving average is $76.75. The company has a market cap of $73.95 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.26 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced 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. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 EPS. On average, 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 declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 22.30%.

Analyst Upgrades and Downgrades

CP has been the subject of several recent analyst reports. Susquehanna reissued a "positive" rating and issued a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. Stifel Nicolaus decreased their target price 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. Royal Bank Of Canada decreased their target price 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. Barclays upped their target price on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. 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 report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average target price of $91.95.

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.