Ninety One UK Ltd Buys New Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Ninety One UK 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 disclosure with the Securities and Exchange Commission. The fund bought 516,220 shares of the transportation company's stock, valued at approximately $36,222,000. Ninety One UK Ltd owned approximately 0.06% of Canadian Pacific Kansas City at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. North Capital Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at about $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $31,000. Hexagon Capital Partners LLC increased its stake in shares of Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after purchasing an additional 164 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Finally, Curio Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CP shares. Bank of America boosted their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Citigroup cut their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Susquehanna reissued a "positive" rating and set a $94.00 target price (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Barclays lowered their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. 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. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average target price of $90.95.

Canadian Pacific Kansas City Trading Up 1.4%

NYSE:CP traded up $1.09 on Tuesday, hitting $80.78. The stock had a trading volume of 1,631,759 shares, compared to its average volume of 2,809,180. The company has a fifty day moving average price of $79.29 and a two-hundred day moving average price of $76.40. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The stock has a market cap of $74.43 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.27 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the business posted $0.93 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 22.30%.

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.