Intact Investment Management Inc. Boosts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Intact Investment Management Inc. grew its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 28.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 503,860 shares of the transportation company's stock after acquiring an additional 111,500 shares during the period. Canadian Pacific Kansas City accounts for 1.6% of Intact Investment Management Inc.'s portfolio, making the stock its 20th largest holding. Intact Investment Management Inc. owned about 0.05% of Canadian Pacific Kansas City worth $39,868,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Canadian Pacific Kansas City by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company's stock worth $2,511,546,000 after buying an additional 483,138 shares during the period. FMR LLC raised its stake in Canadian Pacific Kansas City by 1.8% during the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company's stock worth $2,304,549,000 after buying an additional 553,163 shares during the period. Mackenzie Financial Corp raised its stake in Canadian Pacific Kansas City by 5.9% during the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company's stock worth $1,122,370,000 after buying an additional 787,608 shares during the period. CIBC Asset Management Inc raised its stake in Canadian Pacific Kansas City by 0.9% during the 3rd quarter. CIBC Asset Management Inc now owns 9,536,530 shares of the transportation company's stock worth $711,045,000 after buying an additional 86,525 shares during the period. Finally, Bank of Nova Scotia raised its stake in Canadian Pacific Kansas City by 0.4% during the 3rd quarter. Bank of Nova Scotia now owns 8,305,174 shares of the transportation company's stock worth $617,332,000 after buying an additional 36,287 shares during the period. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

CP stock traded down $0.41 during mid-day trading on Friday, hitting $81.68. 1,717,833 shares of the company were exchanged, compared to its average volume of 1,899,530. The business has a 50 day simple moving average of $87.04 and a 200-day simple moving average of $79.85. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $76.18 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.18 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City's payout ratio is 17.95%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Thursday. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a "buy" rating and a $105.00 target price for the company. Raymond James increased their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Monday, April 22nd. Barclays increased their target price on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. Finally, TD Securities cut Canadian Pacific Kansas City from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $96.42.

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.