Schonfeld Strategic Advisors LLC Boosts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Schonfeld Strategic Advisors LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 123.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 135,704 shares of the transportation company's stock after buying an additional 75,004 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Canadian Pacific Kansas City were worth $9,821,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CP. Barclays PLC boosted its stake in shares of Canadian Pacific Kansas City by 2.8% during 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 in the last quarter. SkyView Investment Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 4.4% in the third quarter. SkyView Investment Advisors LLC now owns 75,569 shares of the transportation company's stock valued at $6,464,000 after buying an additional 3,197 shares in the last quarter. Sfmg LLC acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $202,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at approximately $1,998,000. Finally, Synovus Financial Corp grew its stake in Canadian Pacific Kansas City by 3.5% in the 3rd quarter. Synovus Financial Corp now owns 52,089 shares of the transportation company's stock valued at $4,456,000 after acquiring an additional 1,764 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.7 %

CP traded down $0.49 on Tuesday, hitting $73.50. 535,061 shares of the company were exchanged, compared to its average volume of 2,717,723. 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 $68.37 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The firm has a 50-day moving average price of $73.15 and a two-hundred day moving average price of $75.19. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. The firm 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%. The company's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 earnings per share. On average, equities 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 company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 21.28%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stephens lifted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Barclays cut their price objective 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. Royal Bank of Canada decreased their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group lowered their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.71.

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.