Vanderbilt University Grows Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Vanderbilt University boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 21.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,402 shares of the transportation company's stock after buying an additional 12,185 shares during the quarter. Canadian Pacific Kansas City makes up approximately 0.9% of Vanderbilt University's portfolio, making the stock its 22nd biggest position. Vanderbilt University's holdings in Canadian Pacific Kansas City were worth $4,800,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Bernard Wealth Management Corp. purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $31,000. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $33,000. Millstone Evans Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Curio Wealth LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $39,000. Finally, Curat Global LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter worth $42,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CP has been the subject of several research analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Citigroup reduced their target price on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Royal Bank Of Canada lowered their target price on 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. Finally, Evercore ISI reduced their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average price target of $90.66.

Canadian Pacific Kansas City Stock Performance

CP stock traded up $0.04 during trading on Friday, reaching $80.19. The stock had a trading volume of 3,218,934 shares, compared to its average volume of 2,791,749. The firm has a market cap of $73.89 billion, a PE ratio of 27.09, a PEG ratio of 2.18 and a beta of 1.10. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The stock's 50 day moving average is $77.72 and its two-hundred day moving average is $75.93. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The company had revenue of $2.66 billion during 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 firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. As a group, equities 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 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 dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's payout ratio is currently 17.91%.

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.