Select Equity Group L.P. Buys 759,293 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Select Equity Group L.P. raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 32.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,080,078 shares of the transportation company's stock after purchasing an additional 759,293 shares during the quarter. Select Equity Group L.P. owned 0.33% of Canadian Pacific Kansas City worth $222,900,000 as of its most recent filing with the SEC.

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

Canadian Pacific Kansas City Trading Up 0.4%

NYSE CP traded up $0.33 during trading hours on Tuesday, hitting $81.94. The company's stock had a trading volume of 2,096,542 shares, compared to its average volume of 2,807,213. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $76.24 billion, a P/E ratio of 28.26, a PEG ratio of 2.00 and a beta of 1.09. The stock has a fifty 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 earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.80%. 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 is presently 21.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Loop Capital lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Jefferies Financial Group reduced 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 report on Wednesday, April 9th. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Stephens upped their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.63.

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.