Riposte Capital LLC Buys Shares of 90,000 Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Riposte Capital LLC has acquired a new position in Canadian Pacific Kansas City (NYSE:CP), purchasing 90,000 shares valued at approximately $6.3 million, making it the firm's 15th largest holding.
• The company recently increased its quarterly dividend from $0.13 to $0.1644, with an annualized yield of 0.86%, reflecting a dividend payout ratio of 22.30%.
• An average analyst rating for the stock is a "Moderate Buy," with a consensus price target of $91.95, indicating a mix of buy, hold, and sell ratings from various research firms.

Riposte Capital LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 90,000 shares of the transportation company's stock, valued at approximately $6,319,000. Canadian Pacific Kansas City comprises 1.2% of Riposte Capital LLC's holdings, making the stock its 15th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its stake in Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after purchasing an additional 256 shares during the last quarter. North Capital Inc. bought a new position in shares of Canadian Pacific Kansas City during the first quarter valued at $27,000. Bernard Wealth Management Corp. bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $31,000. Hexagon Capital Partners LLC raised its stake in Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after buying an additional 164 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth $43,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Up 0.4%

Shares of NYSE CP traded up $0.32 during mid-day trading on Tuesday, reaching $76.22. 1,514,058 shares of the company's stock traded hands, compared to its average volume of 3,187,086. The stock has a market cap of $69.97 billion, a P/E ratio of 25.77, a PEG ratio of 2.15 and a beta of 1.07. The business has a 50-day simple moving average of $80.24 and a 200 day simple moving average of $76.95. 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.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the company earned $0.93 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Friday, June 27th were issued a dividend of $0.1644 per share. The ex-dividend date was Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a yield of 0.86%. Canadian Pacific Kansas City's payout ratio is 22.30%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CP. The Goldman Sachs Group reissued a "neutral" rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Royal Bank Of Canada reduced their price target on shares of 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. Citigroup raised their price target 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. Susquehanna restated a "positive" rating and issued a $94.00 price target (up from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Finally, Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a report on Monday, April 14th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $91.95.

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.