Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 291.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 403,673 shares of the transportation company's stock after acquiring an additional 300,555 shares during the quarter. Voloridge Investment Management LLC's holdings in Canadian Pacific Kansas City were worth $29,214,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Canadian Pacific Kansas City by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock valued at $60,000 after acquiring an additional 133 shares in the last quarter. Wiser Advisor Group LLC increased its position in shares of Canadian Pacific Kansas City by 9.5% in the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company's stock worth $125,000 after purchasing an additional 150 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Canadian Pacific Kansas City by 2.2% in the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock valued at $521,000 after purchasing an additional 152 shares in the last quarter. Transatlantique Private Wealth LLC lifted its position in shares of Canadian Pacific Kansas City by 1.6% during the fourth 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 last quarter. Finally, BKM Wealth Management LLC lifted its position in shares of Canadian Pacific Kansas City by 2.2% during the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company's stock worth $526,000 after purchasing an additional 158 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded up $1.14 during midday trading on Tuesday, hitting $81.31. 643,512 shares of the stock traded hands, compared to its average volume of 2,786,495. The business's 50 day moving average price is $74.12 and its two-hundred day moving average price is $75.23. The firm has a market capitalization of $75.65 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. 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 issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm posted $0.93 EPS. Canadian Pacific Kansas City's quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given 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 payout ratio is currently 21.28%.

Analyst Ratings Changes

Several analysts recently weighed in on CP shares. Citigroup lowered their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada lowered their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Stifel Nicolaus decreased 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 report on Monday, April 14th. Finally, Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.63.

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.