Duality Advisers LP Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Duality Advisers LP bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,464 shares of the transportation company's stock, valued at approximately $985,000.

Several other large investors have also recently added to or reduced their stakes in CP. AdvisorNet Financial Inc increased its stake in Canadian Pacific Kansas City by 452.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company's stock worth $39,000 after buying an additional 425 shares during the period. Ritholtz Wealth Management increased its holdings in Canadian Pacific Kansas City by 3.8% in the third quarter. Ritholtz Wealth Management now owns 6,790 shares of the transportation company's stock valued at $505,000 after buying an additional 249 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Canadian Pacific Kansas City by 7.4% in the third quarter. Arkadios Wealth Advisors now owns 3,690 shares of the transportation company's stock valued at $275,000 after buying an additional 253 shares in the last quarter. RFG Advisory LLC lifted its stake in Canadian Pacific Kansas City by 6.0% during the third quarter. RFG Advisory LLC now owns 7,315 shares of the transportation company's stock worth $544,000 after purchasing an additional 417 shares during the last quarter. Finally, Capital Investment Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $259,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CP shares. StockNews.com upgraded shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Wednesday, January 31st. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, April 10th. Scotiabank reissued a "sector perform" rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a "buy" rating and a $105.00 target price for the company. Finally, Bank of America upped their target price on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $97.22.

Canadian Pacific Kansas City Trading Down 6.6 %

Shares of CP stock traded down $5.79 during mid-day trading on Wednesday, hitting $81.93. 5,693,299 shares of the company's stock were exchanged, compared to its average volume of 2,101,596. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The stock has a 50-day simple moving average of $87.18 and a two-hundred day simple moving average of $79.73. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock has a market cap of $76.41 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 2.22 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The firm had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.71 billion. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.2 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, April 29th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's payout ratio is currently 17.83%.

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.