Russell Investments Group Ltd. Buys 204,052 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Russell Investments Group Ltd. increased its stake in Canadian Pacific Kansas City by 27.5%, owning 947,298 shares valued at approximately $66.50 million.
• Canadian Pacific Kansas City reported $0.81 earnings per share for its latest quarter, missing estimates and showing a 2.7% revenue increase year-over-year.
• The company has announced a dividend increase to $0.1651 per share, which reflects a 0.9% dividend yield and a current payout ratio of 20.25%.

Russell Investments Group Ltd. boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 27.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 947,298 shares of the transportation company's stock after buying an additional 204,052 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Canadian Pacific Kansas City worth $66,495,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Capital Insight Partners LLC grew its holdings in shares of Canadian Pacific Kansas City by 0.4% in the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock worth $2,858,000 after purchasing an additional 143 shares during the last quarter. Davidson Trust Co. grew its holdings 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 worth $327,000 after acquiring an additional 144 shares during the period. Advisory Services Network LLC boosted its holdings in Canadian Pacific Kansas City by 2.2% during the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock worth $521,000 after buying an additional 152 shares during the last quarter. Transatlantique Private Wealth LLC raised its holdings in Canadian Pacific Kansas City by 1.6% in the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock worth $728,000 after purchasing an additional 157 shares during the period. Finally, Tradewinds LLC. grew its position in shares of Canadian Pacific Kansas City by 3.8% in 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 period. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.3%

CP stock traded up $0.24 during midday trading on Friday, hitting $74.12. The company had a trading volume of 1,649,125 shares, compared to its average volume of 3,530,983. The stock has a market cap of $67.72 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.08 and a beta of 1.06. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The stock's 50 day moving average price is $78.45 and its 200 day moving average price is $76.74. 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 released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate 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 business's revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a $0.1651 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's payout ratio is currently 20.25%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CP. Bank of America increased their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Barclays upped their price target on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. The Goldman Sachs Group restated a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Finally, Stephens lifted their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $92.30.

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.