Rathbones Group PLC Has $105.67 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Rathbones Group PLC increased its stake in Canadian Pacific Kansas City by 7.9%, owning approximately 1.5 million shares valued at $105.7 million.
• Canadian Pacific Kansas City announced a quarterly dividend increase to $0.1651 per share, with an ex-dividend date of September 26, while also reporting missed earnings expectations for the last quarter.
• The company currently has a market cap of $68.08 billion and a mixed rating from analysts, with an average price target of $92.30 and a "Moderate Buy" rating.

Rathbones Group PLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,505,092 shares of the transportation company's stock after buying an additional 109,811 shares during the quarter. Rathbones Group PLC owned 0.16% of Canadian Pacific Kansas City worth $105,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CP. Bank of New York Mellon Corp increased its holdings in shares of Canadian Pacific Kansas City by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company's stock worth $74,807,000 after acquiring an additional 31,508 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Canadian Pacific Kansas City by 70.0% in the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company's stock worth $421,000 after acquiring an additional 2,467 shares in the last quarter. CX Institutional bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth about $61,000. Janney Montgomery Scott LLC increased its holdings in shares of Canadian Pacific Kansas City by 28.8% in the first quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company's stock worth $7,106,000 after acquiring an additional 22,606 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Canadian Pacific Kansas City by 1.0% in the first quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company's stock worth $2,012,000 after acquiring an additional 290 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CP shares. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Bank of America increased their price objective on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Royal Bank Of Canada decreased their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Barclays increased their price objective on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $92.30.

Canadian Pacific Kansas City Stock Up 0.3%

CP stock traded up $0.24 during mid-day trading on Friday, reaching $74.12. The company had a trading volume of 1,649,125 shares, compared to its average volume of 3,530,983. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a 50 day simple moving average of $78.45 and a two-hundred day simple moving average of $76.75. The company has a market capitalization of $67.72 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.07 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly 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 company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. As a group, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a $0.1651 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City's payout ratio is 20.56%.

Canadian Pacific Kansas City 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.