OneDigital Investment Advisors LLC Increases Position in Canadian Pacific Kansas City Limited (NYSE:CP)

OneDigital Investment Advisors LLC grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 204.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,554 shares of the transportation company's stock after purchasing an additional 119,886 shares during the period. OneDigital Investment Advisors LLC's holdings in Canadian Pacific Kansas City were worth $12,536,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fisher Funds Management LTD increased its stake in Canadian Pacific Kansas City by 0.4% during the first quarter. Fisher Funds Management LTD now owns 609,481 shares of the transportation company's stock worth $42,792,000 after acquiring an additional 2,475 shares during the last quarter. Calamos Wealth Management LLC grew its stake in shares of Canadian Pacific Kansas City by 0.5% during the first quarter. Calamos Wealth Management LLC now owns 152,892 shares of the transportation company's stock valued at $10,735,000 after buying an additional 696 shares during the last quarter. Calamos Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 12.1% during the first quarter. Calamos Advisors LLC now owns 360,447 shares of the transportation company's stock valued at $25,307,000 after buying an additional 39,017 shares during the last quarter. Davidson Trust Co. raised its stake in shares of Canadian Pacific Kansas City by 3.2% during the first quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock valued at $327,000 after acquiring an additional 144 shares in the last quarter. Finally, North Capital Inc. bought a new stake in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $27,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded down $1.38 during mid-day trading on Monday, hitting $79.65. The company's stock had a trading volume of 1,554,936 shares, compared to its average volume of 2,812,244. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The stock has a market cap of $73.39 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.27 and a beta of 1.07. The business's fifty day moving average is $79.13 and its two-hundred day moving average is $76.34.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting 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 company 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 company earned $0.93 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.83%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 22.30%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CP. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Stifel Nicolaus cut 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 report on Monday, April 14th. Royal Bank Of Canada cut their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, Citigroup cut their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $90.95.

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.