Vestmark Advisory Solutions Inc. Raises Stock Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Canadian Pacific Kansas City by 41.8%, acquiring an additional 9,482 shares, bringing its total holdings to 32,183 shares worth approximately $2.26 million.
• The company reported $0.81 earnings per share for the last quarter, which missed analysts' expectations by $0.01, along with a 2.7% year-over-year revenue increase reaching $2.72 billion.
• Canadian Pacific Kansas City announced a quarterly dividend of $0.1651 per share, raising its annualized dividend yield to 0.9% from the previous $0.16 per share.

Vestmark Advisory Solutions Inc. grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 41.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,183 shares of the transportation company's stock after acquiring an additional 9,482 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Canadian Pacific Kansas City were worth $2,260,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Capital Insight Partners LLC boosted its stake in shares of Canadian Pacific Kansas City by 0.4% during the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock valued at $2,858,000 after buying an additional 143 shares during the period. Davidson Trust Co. increased its holdings in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock worth $327,000 after purchasing an additional 144 shares during the period. Transatlantique Private Wealth LLC increased its holdings in shares of Canadian Pacific Kansas City by 1.6% during the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock worth $728,000 after purchasing an additional 157 shares during the period. Tradewinds LLC. grew its stake in Canadian Pacific Kansas City by 3.8% during the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock worth $304,000 after buying an additional 157 shares during the last quarter. Finally, Financial Partners Group Inc grew its stake in Canadian Pacific Kansas City by 0.3% during the first quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company's stock worth $3,464,000 after buying an additional 158 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CP shares. Citigroup increased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Royal Bank Of Canada dropped their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Barclays lifted their price target on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Bank of America upped their price target on shares of 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. Finally, Susquehanna reissued a "positive" rating and issued a $94.00 price objective (up previously from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $92.30.

Canadian Pacific Kansas City Stock Down 1.1%

Shares of CP traded down $0.8020 during trading hours on Thursday, reaching $73.4880. 920,650 shares of the stock traded hands, compared to its average volume of 3,200,842. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $78.04 and a 200 day simple moving average of $76.65. 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 $67.14 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.10 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data 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). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The company had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter last year, the business posted $1.05 EPS. The business's quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a $0.1651 dividend. The ex-dividend date is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio is 20.56%.

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.