Waverly Advisors LLC Boosts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Waverly Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 88.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,534 shares of the transportation company's stock after purchasing an additional 4,938 shares during the quarter. Waverly Advisors LLC's holdings in Canadian Pacific Kansas City were worth $762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Barclays PLC increased its stake in Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after acquiring an additional 81,111 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock valued at $750,046,000 after acquiring an additional 381,594 shares during the period. Merit Financial Group LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at $288,000. Simon Quick Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 35.2% in the 4th quarter. Simon Quick Advisors LLC now owns 4,167 shares of the transportation company's stock worth $302,000 after buying an additional 1,084 shares during the period. Finally, Daymark Wealth Partners LLC lifted its holdings in shares of Canadian Pacific Kansas City by 10.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 5,039 shares of the transportation company's stock worth $365,000 after buying an additional 473 shares during the period. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Up 0.2%

Shares of NYSE:CP traded up $0.13 on Thursday, hitting $80.88. 603,483 shares of the company's stock were exchanged, compared to its average volume of 2,782,215. The firm's 50-day moving average is $74.44 and its 200 day moving average is $75.31. The company has a market capitalization of $75.25 billion, a PE ratio of 27.86, a P/E/G ratio of 2.00 and a beta of 1.09. 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 debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. 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 disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a $0.1644 dividend. 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 yield of 0.81%. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 21.28%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Susquehanna boosted their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research report on Thursday, May 1st. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Evercore ISI lowered their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Barclays lowered their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.63.

About Canadian Pacific Kansas City

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.