Northwest & Ethical Investments L.P. Increases Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Northwest & Ethical Investments L.P. increased its holdings in Canadian Pacific Kansas City Limited by 63.6%, acquiring an additional 153,877 shares in the first quarter, bringing its total shares to 395,770, valued at approximately $27.79 million.
• The company recently announced a quarterly dividend increase to $0.1651 per share, reflecting an annualized dividend of $0.66, with a yield of 0.9% and a payout ratio of 20.25%.
• Despite missing earnings expectations with $0.81 EPS for the last quarter, revenue increased 2.7% year-over-year, highlighting a robust net margin of 28.05%.

Northwest & Ethical Investments L.P. raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 63.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 395,770 shares of the transportation company's stock after acquiring an additional 153,877 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Canadian Pacific Kansas City were worth $27,791,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its position in Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after acquiring an additional 256 shares during the last quarter. North Capital Inc. bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at $27,000. Cheviot Value Management LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at $30,000. Bernard Wealth Management Corp. bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at $31,000. Finally, Hexagon Capital Partners LLC grew its position in Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CP. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Stephens upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Finally, Susquehanna reaffirmed a "positive" rating and issued a $94.00 price objective (up from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.30.

Canadian Pacific Kansas City Stock Down 0.7%

Canadian Pacific Kansas City stock traded down $0.5440 during midday trading on Wednesday, reaching $74.2960. The company's stock had a trading volume of 2,160,658 shares, compared to its average volume of 3,216,341. The stock's 50-day simple moving average is $78.16 and its 200-day simple moving average is $76.66. 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 Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The stock has a market capitalization of $67.88 billion, a P/E ratio of 23.15, a PEG ratio of 2.06 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company's quarterly revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a $0.1651 dividend. The ex-dividend date is Friday, September 26th. This is a positive change 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 (DPR) is 20.25%.

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.