Value Partners Investments Inc. Purchases 471,953 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Value Partners Investments Inc. lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1,027.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 517,900 shares of the transportation company's stock after purchasing an additional 471,953 shares during the quarter. Canadian Pacific Kansas City accounts for about 3.1% of Value Partners Investments Inc.'s portfolio, making the stock its 17th biggest position. Value Partners Investments Inc. owned about 0.06% of Canadian Pacific Kansas City worth $36,382,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $31,000. Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $36,000. Curio Wealth LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $39,000. Curat Global LLC acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at approximately $42,000. Finally, Parvin Asset Management LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded down $0.68 during midday trading on Friday, hitting $78.32. 5,225,634 shares of the company's stock were exchanged, compared to its average volume of 2,811,693. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The company's 50 day moving average price is $78.35 and its 200 day moving average price is $76.08. The firm has a market capitalization of $72.17 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10.

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 8.68% and a net margin of 25.99%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. 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 0.84%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is currently 22.30%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent research reports. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Barclays lowered their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Wall Street Zen lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $90.95.

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.