Walter Public Investments Inc. Buys 16,138 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• Walter Public Investments Inc. increased its stake in Canadian Pacific Kansas City Limited by 7.5%, acquiring an additional 16,138 shares, bringing its total holdings to 232,038 shares valued at approximately $18.4 million.
• Analysts have mostly rated Canadian Pacific Kansas City with optimism, leading to several price target increases; the consensus rating is "Moderate Buy" with an average target price of $92.30.
• The company recently raised its quarterly dividend to $0.1651 per share, reflecting a positive adjustment from its previous dividend and indicating a yield of 0.9%.

Walter Public Investments Inc. lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 232,038 shares of the transportation company's stock after acquiring an additional 16,138 shares during the period. Canadian Pacific Kansas City makes up 3.1% of Walter Public Investments Inc.'s investment portfolio, making the stock its 16th biggest position. Walter Public Investments Inc.'s holdings in Canadian Pacific Kansas City were worth $18,432,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CP. Lazard Asset Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 22.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,025 shares of the transportation company's stock worth $74,000 after acquiring an additional 190 shares during the last quarter. Twinbeech Capital LP lifted its holdings in shares of Canadian Pacific Kansas City by 67.5% during the 4th quarter. Twinbeech Capital LP now owns 4,158 shares of the transportation company's stock worth $301,000 after acquiring an additional 1,675 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Canadian Pacific Kansas City by 165.7% during the 4th quarter. Squarepoint Ops LLC now owns 28,450 shares of the transportation company's stock worth $2,059,000 after acquiring an additional 71,750 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Canadian Pacific Kansas City by 8.4% during the 4th quarter. Vident Advisory LLC now owns 5,946 shares of the transportation company's stock worth $430,000 after acquiring an additional 463 shares during the last quarter. Finally, Waverly Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 88.2% during the 4th quarter. Waverly Advisors LLC now owns 10,534 shares of the transportation company's stock worth $762,000 after acquiring an additional 4,938 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CP. Stephens boosted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Barclays boosted their price target on shares of 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. National Bankshares reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Trading Up 0.1%

Shares of NYSE CP opened at $75.69 on Friday. The firm's 50 day moving average price is $75.97 and its 200-day moving average price is $76.38. The company has a market cap of $68.64 billion, a PE ratio of 23.58, a P/E/G ratio of 2.12 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $86.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93.

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 the consensus estimate of $0.82 by ($0.01). The firm 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 company's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's payout ratio is currently 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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