Centiva Capital LP Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Centiva Capital LP acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,598 shares of the transportation company’s stock, valued at approximately $477,000.

Several other large investors have also bought and sold shares of CP. Kestra Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $34,000. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Millstone Evans Group LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth about $36,000. Finally, Curio Wealth LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $39,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CP. Jefferies Financial Group dropped 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. Citigroup cut their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Evercore ISI decreased their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Susquehanna upped their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a “positive” rating in a research report on Thursday, May 1st. Finally, Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.71.

Canadian Pacific Kansas City Trading Down 0.6 %

Canadian Pacific Kansas City stock opened at $73.31 on Friday. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The company’s fifty day moving average price is $72.94 and its two-hundred day moving average price is $75.06. The company has a market capitalization of $68.21 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. On average, 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 paid a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost 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 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.