Value Partners Investments Inc. Has $3.32 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Value Partners Investments Inc. lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 87.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,947 shares of the transportation company's stock after selling 309,888 shares during the period. Canadian Pacific Kansas City makes up approximately 1.9% of Value Partners Investments Inc.'s investment portfolio, making the stock its 20th largest position. Value Partners Investments Inc.'s holdings in Canadian Pacific Kansas City were worth $3,323,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 18.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock worth $60,000 after acquiring an additional 133 shares during the period. Wiser Advisor Group LLC boosted its stake in shares of Canadian Pacific Kansas City by 9.5% in the fourth quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company's stock valued at $125,000 after buying an additional 150 shares during the period. Advisory Services Network LLC boosted its stake in shares of Canadian Pacific Kansas City by 2.2% in the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock valued at $521,000 after buying an additional 152 shares during the period. Transatlantique Private Wealth LLC boosted its stake in shares of Canadian Pacific Kansas City by 1.6% in the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock valued at $728,000 after buying an additional 157 shares during the period. Finally, BKM Wealth Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 2.2% in the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company's stock valued at $526,000 after buying an additional 158 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CP shares. Citigroup cut their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America boosted their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Barclays lowered their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Jefferies Financial Group lowered their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Two equities research 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.63.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP traded up $0.11 during trading on Wednesday, hitting $80.75. 2,360,984 shares of the company were exchanged, compared to its average volume of 2,790,781. The business's 50 day moving average is $74.26 and its 200-day moving average is $75.27. The company has a market capitalization of $75.14 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. 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 Limited has a 1-year low of $66.49 and a 1-year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. The ex-dividend date of this dividend is Friday, June 27th. 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 0.81%. Canadian Pacific Kansas City's dividend payout ratio is 21.28%.

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.