Tranquility Partners LLC Purchases 8,434 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Tranquility Partners LLC boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 251.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,793 shares of the transportation company's stock after buying an additional 8,434 shares during the quarter. Tranquility Partners LLC's holdings in Canadian Pacific Kansas City were worth $828,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. PDS Planning Inc raised its holdings in shares of Canadian Pacific Kansas City by 4.0% in the first quarter. PDS Planning Inc now owns 5,604 shares of the transportation company's stock valued at $393,000 after purchasing an additional 214 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Canadian Pacific Kansas City by 3.6% in the first quarter. Sequoia Financial Advisors LLC now owns 12,909 shares of the transportation company's stock valued at $906,000 after purchasing an additional 448 shares in the last quarter. Value Partners Investments Inc. increased its stake in Canadian Pacific Kansas City by 1,027.2% in the 1st quarter. Value Partners Investments Inc. now owns 517,900 shares of the transportation company's stock valued at $36,382,000 after buying an additional 471,953 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Canadian Pacific Kansas City by 85.8% in the 1st quarter. Golden State Wealth Management LLC now owns 3,278 shares of the transportation company's stock valued at $230,000 after buying an additional 1,514 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN lifted its position in Canadian Pacific Kansas City by 0.5% during the 1st quarter. Kirr Marbach & Co. LLC IN now owns 169,747 shares of the transportation company's stock worth $11,940,000 after buying an additional 818 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CP. Jefferies Financial Group decreased their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Bank of America increased their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Citigroup lowered their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI cut their price objective on 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, Susquehanna reissued a "positive" rating and issued a $94.00 target price (up from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.95.

Canadian Pacific Kansas City Trading Up 1.6%

Shares of Canadian Pacific Kansas City stock opened at $79.18 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The business has a fifty day simple moving average of $78.27 and a two-hundred day simple moving average of $76.05. 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 market capitalization of $72.96 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.12 and a beta of 1.10.

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 for the quarter, meeting the consensus estimate of $0.74. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The company's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. Research analysts forecast 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. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. 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 0.83%. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 17.91%.

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.

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