Vanguard Group Inc. Increases Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Vanguard Group Inc. has increased its holdings in Canadian Pacific Kansas City Limited by 1.0%, owning approximately 37.1 million shares valued at $2.61 billion.
• Several institutional investors, including Goldman Sachs Group Inc., have also increased their stakes in the company, with Goldman Sachs boosting its position by 70.4% in the last quarter.
• Canadian Pacific Kansas City has declared a quarterly dividend of $0.1651 per share, up from $0.16, resulting in an annualized dividend yield of 0.9%.

Vanguard Group Inc. increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,142,988 shares of the transportation company's stock after purchasing an additional 364,515 shares during the period. Vanguard Group Inc. owned 3.99% of Canadian Pacific Kansas City worth $2,606,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in Canadian Pacific Kansas City by 70.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock valued at $652,936,000 after buying an additional 3,842,866 shares during the last quarter. M.D. Sass LLC boosted its position in Canadian Pacific Kansas City by 1.4% in the 1st quarter. M.D. Sass LLC now owns 856,161 shares of the transportation company's stock valued at $60,111,000 after buying an additional 12,227 shares during the last quarter. Scotia Capital Inc. boosted its position in Canadian Pacific Kansas City by 1.5% in the 1st quarter. Scotia Capital Inc. now owns 3,533,994 shares of the transportation company's stock valued at $246,977,000 after buying an additional 51,936 shares during the last quarter. Cheviot Value Management LLC purchased a new position in Canadian Pacific Kansas City in the 1st quarter valued at about $30,000. Finally, Bank of Nova Scotia Trust Co. boosted its position in Canadian Pacific Kansas City by 1.2% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 286,655 shares of the transportation company's stock valued at $20,126,000 after buying an additional 3,317 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CP. Susquehanna reissued a "positive" rating and issued a $94.00 price objective (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Barclays lifted their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Stifel Nicolaus decreased their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Evercore ISI decreased their price target on 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. Finally, Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.30.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $75.04 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The firm's 50-day moving average price is $79.18 and its two-hundred day moving average price is $76.92. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The stock has a market capitalization of $68.56 billion, a P/E ratio of 23.38, a P/E/G ratio of 2.12 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%. The business's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. As a group, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio is presently 20.56%.

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.

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