Premier Fund Managers Ltd Has $18.62 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Premier Fund Managers Ltd reduced its stake in Canadian Pacific Kansas City Limited by 1.8% by selling 5,000 shares, bringing their total holdings to 267,616 shares valued at approximately $18.6 million.
• Canadian Pacific Kansas City recently announced a dividend increase to $0.1644 per share, up from $0.13, representing a 0.87% yield and a payout ratio of 22.30%.
• The company reported a Q1 earnings per share (EPS) of $0.74, meeting analysts' expectations, with a revenue increase of 8.0% year-over-year to $2.66 billion.

Premier Fund Managers Ltd cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 267,616 shares of the transportation company's stock after selling 5,000 shares during the period. Premier Fund Managers Ltd's holdings in Canadian Pacific Kansas City were worth $18,618,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Capital Insight Partners LLC boosted its holdings in shares of Canadian Pacific Kansas City by 0.4% during the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock worth $2,858,000 after buying an additional 143 shares during the period. Davidson Trust Co. raised its stake in Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock valued at $327,000 after purchasing an additional 144 shares during the last quarter. Advisory Services Network LLC raised its stake in Canadian Pacific Kansas City by 2.2% during the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock valued at $521,000 after purchasing an additional 152 shares during the last quarter. Transatlantique Private Wealth LLC raised its stake in Canadian Pacific Kansas City by 1.6% during the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock valued at $728,000 after purchasing an additional 157 shares during the last quarter. Finally, Tradewinds LLC. raised its stake in Canadian Pacific Kansas City by 3.8% during the 1st quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock valued at $304,000 after purchasing an additional 157 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group cut their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Bank of America upped 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 report on Friday, May 16th. Susquehanna reaffirmed a "positive" rating and issued a $94.00 target price (up previously from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Stephens upped their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Citigroup increased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Canadian Pacific Kansas City Trading Down 0.9%

Shares of NYSE CP traded down $0.63 during mid-day trading on Friday, hitting $72.92. The company's stock had a trading volume of 2,599,177 shares, compared to its average volume of 3,225,569. The stock has a market cap of $66.93 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.12 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 one year low of $66.49 and a one year high of $87.72. The company's fifty day simple moving average is $79.88 and its 200-day simple moving average is $76.93.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.68%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. On average, sell-side analysts anticipate 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 company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a $0.1651 dividend. The ex-dividend date is Friday, September 26th. 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. Canadian Pacific Kansas City's dividend payout ratio is 20.56%.

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.