Tidal Investments LLC Acquires 33,501 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Tidal Investments LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 621.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,893 shares of the transportation company's stock after buying an additional 33,501 shares during the quarter. Tidal Investments LLC's holdings in Canadian Pacific Kansas City were worth $2,815,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tema Etfs LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth $500,000. Select Equity Group L.P. lifted its holdings in Canadian Pacific Kansas City by 32.7% during the 4th quarter. Select Equity Group L.P. now owns 3,080,078 shares of the transportation company's stock worth $222,900,000 after buying an additional 759,293 shares during the period. Prevatt Capital Ltd lifted its stake in shares of Canadian Pacific Kansas City by 86.7% in the 4th quarter. Prevatt Capital Ltd now owns 280,000 shares of the transportation company's stock valued at $20,264,000 after purchasing an additional 130,000 shares during the period. Paradoxiom Capital L.P. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $9,798,000. Finally, Pathstone Holdings LLC lifted its stake in shares of Canadian Pacific Kansas City by 6.6% in the 4th quarter. Pathstone Holdings LLC now owns 265,090 shares of the transportation company's stock valued at $19,192,000 after purchasing an additional 16,329 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 1.2%

Shares of NYSE:CP traded up $1.00 on Tuesday, reaching $81.17. 516,676 shares of the company traded hands, compared to its average volume of 2,786,077. The business's 50-day simple moving average is $74.12 and its 200 day simple moving average is $75.23. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The stock has a market capitalization of $75.53 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced 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 return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the firm earned $0.93 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a $0.1644 dividend. The ex-dividend date of this dividend is 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 dividend yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 21.28%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CP shares. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Stephens upped their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada dropped their price objective 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. Barclays dropped their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.