Hager Investment Management Services LLC Has $53,000 Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Hager Investment Management Services LLC cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 37.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 753 shares of the transportation company’s stock after selling 450 shares during the period. Hager Investment Management Services LLC’s holdings in Canadian Pacific Kansas City were worth $53,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CP. North Capital Inc. bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $27,000. Cornerstone Planning Group LLC grew its stake in shares of Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after purchasing an additional 256 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. Hexagon Capital Partners LLC grew its stake in shares of Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after purchasing an additional 164 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $81.25 on Tuesday. The firm’s 50-day moving average price is $80.12 and its 200-day moving average price is $76.69. 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 capitalization of $74.86 billion, a P/E ratio of 27.45, a P/E/G ratio of 2.28 and a beta of 1.07. 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 net margin of 25.99% and a return on equity of 8.68%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate 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 firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio is currently 22.30%.

Analyst Ratings Changes

Several brokerages recently weighed in on CP. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Bank of America boosted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Susquehanna reaffirmed a “positive” rating and set a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Jefferies Financial Group cut their price target 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. Finally, Citigroup upped their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.95.

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.