Prevatt Capital Ltd Raises Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Prevatt Capital Ltd increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 86.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 280,000 shares of the transportation company's stock after buying an additional 130,000 shares during the quarter. Canadian Pacific Kansas City comprises about 5.8% of Prevatt Capital Ltd's holdings, making the stock its 12th largest position. Prevatt Capital Ltd's holdings in Canadian Pacific Kansas City were worth $20,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CP. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $33,000. Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $34,000. YANKCOM Partnership purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Finally, Curio Wealth LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CP shares. 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 note on Thursday, May 1st. Royal Bank of Canada dropped their price target on 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. Barclays cut their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Finally, Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.63.

Canadian Pacific Kansas City Trading Up 0.1%

Shares of NYSE CP traded up $0.12 on Tuesday, reaching $81.73. 858,121 shares of the company traded hands, compared to its average volume of 2,795,446. The stock has a market capitalization of $76.05 billion, a PE ratio of 28.18, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week 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 50 day moving average of $73.48 and a 200 day moving average of $75.15.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates 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 for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, equities research analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 21.28%.

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.