Two Sigma Advisers LP Purchases New Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Two Sigma Advisers LP acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 298,580 shares of the transportation company's stock, valued at approximately $21,608,000.

Other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $34,000. YANKCOM Partnership purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Millstone Evans Group LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Finally, Curio Wealth LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI reduced 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 research note on Thursday, May 1st. Stephens boosted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Royal Bank of Canada cut their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Finally, Bank of America boosted their price target 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.63.

Canadian Pacific Kansas City Trading Down 0.3%

Shares of Canadian Pacific Kansas City stock traded down $0.27 during trading on Friday, reaching $80.13. The company's stock had a trading volume of 2,040,245 shares, compared to its average volume of 2,802,102. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The company has a market cap of $74.56 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 2.00 and a beta of 1.09. The firm's 50-day moving average is $74.00 and its two-hundred day moving average is $75.26. The company has a quick ratio of 0.46, a current ratio of 0.53 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 net margin of 25.51% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm's revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a $0.1644 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. Canadian Pacific Kansas City's dividend payout ratio is 21.28%.

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.