Summit Trail Advisors LLC Increases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Summit Trail Advisors LLC increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 22.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,001 shares of the transportation company's stock after purchasing an additional 4,273 shares during the period. Summit Trail Advisors LLC's holdings in Canadian Pacific Kansas City were worth $1,614,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Bernard Wealth Management Corp. purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $31,000. Millstone Evans Group LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $36,000. Curio Wealth LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth $39,000. Curat Global LLC bought a new stake in Canadian Pacific Kansas City in the 1st quarter worth $42,000. Finally, Parvin Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $43,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CP. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Royal Bank Of Canada reduced their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Bank of America upped their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Finally, Susquehanna reissued a "positive" rating and set a $94.00 price objective (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average target price of $90.95.

Canadian Pacific Kansas City Stock Down 0.8%

CP traded down $0.64 during midday trading on Thursday, reaching $81.11. The company's stock had a trading volume of 1,071,402 shares, compared to its average volume of 2,806,537. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The stock's 50-day moving average is $78.80 and its 200-day moving average is $76.18. The firm has a market capitalization of $74.74 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 2.19 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. The ex-dividend date of this dividend is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 22.30%.

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.