Kovitz Investment Group Partners LLC Buys 3,634 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Kovitz Investment Group Partners LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 34.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,066 shares of the transportation company's stock after purchasing an additional 3,634 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Canadian Pacific Kansas City were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hancock Whitney Corp increased its stake in Canadian Pacific Kansas City by 0.7% in the fourth quarter. Hancock Whitney Corp now owns 25,368 shares of the transportation company's stock valued at $1,836,000 after acquiring an additional 173 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Canadian Pacific Kansas City by 205.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,257,338 shares of the transportation company's stock worth $90,994,000 after purchasing an additional 845,747 shares in the last quarter. Mar Vista Investment Partners LLC increased its position in shares of Canadian Pacific Kansas City by 5.7% during the 4th quarter. Mar Vista Investment Partners LLC now owns 74,399 shares of the transportation company's stock valued at $5,384,000 after purchasing an additional 4,029 shares during the last quarter. Freshford Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $17,182,000. Finally, MGO One Seven LLC lifted its position in Canadian Pacific Kansas City by 13.8% in the 4th quarter. MGO One Seven LLC now owns 10,029 shares of the transportation company's stock worth $726,000 after buying an additional 1,220 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent research reports. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Barclays cut their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company decreased their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, Stephens increased their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. 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 company's stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.71.

Canadian Pacific Kansas City Trading Down 0.1 %

NYSE CP traded down $0.07 during trading on Monday, hitting $74.88. The company had a trading volume of 619,515 shares, compared to its average volume of 2,718,029. The company's fifty day moving average is $73.22 and its 200-day moving average is $75.23. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market cap of $69.65 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly 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. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Canadian Pacific Kansas City's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio is 21.28%.

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.