Canadian Pacific Kansas City Limited $CP Shares Acquired by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Canadian Pacific Kansas City Limited by 26.2%, acquiring an additional 7,862 shares and valuing its holdings at $2.66 million.
• Canadian Pacific Kansas City recently reported earnings, missing expectations with $0.81 EPS against a consensus of $0.82, and a slight revenue increase of 2.7% year-over-year.
• The company announced a quarterly dividend of $0.1651 per share, marking an increase from the previous dividend, with a current yield of 0.9%.

Northwestern Mutual Wealth Management Co. increased its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 26.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,898 shares of the transportation company's stock after buying an additional 7,862 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Canadian Pacific Kansas City were worth $2,661,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CP. First Trust Advisors LP raised its position in shares of Canadian Pacific Kansas City by 29.9% in the fourth quarter. First Trust Advisors LP now owns 47,503 shares of the transportation company's stock valued at $3,438,000 after buying an additional 10,943 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Canadian Pacific Kansas City by 96.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 881,400 shares of the transportation company's stock valued at $63,780,000 after purchasing an additional 431,924 shares during the period. Northern Trust Corp grew its holdings in Canadian Pacific Kansas City by 3.6% in the fourth quarter. Northern Trust Corp now owns 2,445,300 shares of the transportation company's stock valued at $176,966,000 after purchasing an additional 85,381 shares during the period. Lido Advisors LLC grew its holdings in Canadian Pacific Kansas City by 6.5% in the fourth quarter. Lido Advisors LLC now owns 9,517 shares of the transportation company's stock valued at $690,000 after purchasing an additional 580 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its holdings in Canadian Pacific Kansas City by 123.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 135,704 shares of the transportation company's stock valued at $9,821,000 after purchasing an additional 75,004 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.1%

CP traded down $0.04 during trading on Friday, hitting $76.23. The company had a trading volume of 1,950,293 shares, compared to its average volume of 3,176,591. The company has a market cap of $69.64 billion, a PE ratio of 23.75, a P/E/G ratio of 2.13 and a beta of 1.06. The business has a 50-day moving average of $77.30 and a 200-day moving average of $76.53. 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 1-year low of $66.49 and a 1-year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company posted $1.05 earnings per share. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio is currently 20.56%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CP shares. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Barclays boosted their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.30.

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.