Tema Etfs LLC Purchases New Shares in Canadian Pacific Kansas City Limited (NYSE:CP)

Tema Etfs LLC bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,911 shares of the transportation company's stock, valued at approximately $500,000.

Several other institutional investors and hedge funds have also modified their holdings of CP. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $33,000. Stonebridge Financial Group LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $36,000. Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $36,000. Finally, Curio Wealth LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded down $0.93 during midday trading on Wednesday, hitting $81.06. The company had a trading volume of 3,283,773 shares, compared to its average volume of 2,814,686. The firm has a fifty day simple moving average of $73.67 and a two-hundred day simple moving average of $75.20. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a market cap of $75.42 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 2.00 and a beta of 1.09.

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 EPS for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. 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 business earned $0.93 earnings per share. Canadian Pacific Kansas City's quarterly revenue was up 8.0% compared to the same quarter last year. Equities analysts forecast 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 business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 21.28%.

Wall Street Analyst Weigh In

CP has been the topic of a number of analyst reports. Bank of America increased their price objective 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. Susquehanna upped their target price on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research report on Thursday, May 1st. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Evercore ISI decreased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.63.

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.