Vontobel Holding Ltd. Has $791,000 Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Vontobel Holding Ltd. boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 102.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,260 shares of the transportation company's stock after acquiring an additional 5,688 shares during the quarter. Vontobel Holding Ltd.'s holdings in Canadian Pacific Kansas City were worth $791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CP. Bernard Wealth Management Corp. bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $31,000. Millstone Evans Group LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Curio Wealth LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $39,000. Parvin Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $43,000. Finally, Curat Global LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter valued at about $42,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded up $0.63 during trading hours on Wednesday, hitting $81.34. 2,313,339 shares of the stock were exchanged, compared to its average volume of 2,812,051. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. The company has a market cap of $74.95 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.26 and a beta of 1.07. The company's fifty day simple moving average is $79.64 and its two-hundred day simple moving average is $76.46. 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 posted 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 business had revenue of $2.66 billion for 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 revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.1644 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 22.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Susquehanna reaffirmed a "positive" rating and set a $94.00 price target (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.66.

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.