Value Partners Investments Inc. Has $36.38 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Value Partners Investments Inc. increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1,027.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 517,900 shares of the transportation company’s stock after buying an additional 471,953 shares during the quarter. Canadian Pacific Kansas City comprises about 3.1% of Value Partners Investments Inc.’s portfolio, making the stock its 17th biggest position. Value Partners Investments Inc. owned approximately 0.06% of Canadian Pacific Kansas City worth $36,382,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $31,000. Millstone Evans Group LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. Curio Wealth LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $39,000. Curat Global LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $42,000. Finally, Parvin Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $43,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Citigroup decreased their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Royal Bank Of Canada reduced their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Finally, Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.95.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $77.99 on Thursday. The stock has a fifty day simple moving average of $78.18 and a two-hundred day simple moving average of $76.03. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The firm has a market cap of $71.86 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the company earned $0.93 earnings per share. Canadian Pacific Kansas City’s revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. 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 currently 17.91%.

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.