Walter Public Investments Inc. Has $15.15 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Walter Public Investments Inc. lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 11.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 215,900 shares of the transportation company's stock after selling 26,649 shares during the quarter. Canadian Pacific Kansas City makes up approximately 2.8% of Walter Public Investments Inc.'s holdings, making the stock its 17th biggest holding. Walter Public Investments Inc.'s holdings in Canadian Pacific Kansas City were worth $15,150,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. North Capital Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. Hexagon Capital Partners LLC raised its stake in shares of Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after purchasing an additional 164 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $36,000. Finally, Curio Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CP. Royal Bank Of Canada lowered their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Evercore ISI decreased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Bank of America increased their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.66.

Canadian Pacific Kansas City Stock Up 0.8%

CP stock traded up $0.63 during midday trading on Wednesday, reaching $81.34. The company had a trading volume of 2,313,339 shares, compared to its average volume of 2,812,051. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $74.95 billion, a P/E ratio of 27.48, a PEG ratio of 2.26 and a beta of 1.07. The company has a 50 day moving average of $79.47 and a two-hundred day moving average of $76.43.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company's revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid 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 is 22.30%.

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.