Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 43.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,241 shares of the transportation company’s stock after purchasing an additional 12,463 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Canadian Pacific Kansas City were worth $2,896,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. North Capital Inc. purchased a new position in Canadian Pacific Kansas City in the 1st quarter worth $27,000. Cornerstone Planning Group LLC raised its stake in Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after acquiring an additional 256 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth $31,000. Hexagon Capital Partners LLC raised its stake in Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after acquiring an additional 164 shares during the last quarter. Finally, Curat Global LLC purchased a new position in Canadian Pacific Kansas City in the 1st quarter worth $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $75.92 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The business has a 50-day moving average price of $80.24 and a 200 day moving average price of $76.95. The firm has a market cap of $69.69 billion, a PE ratio of 25.65, a P/E/G ratio of 2.15 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results 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 firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business earned $0.93 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Friday, June 27th were paid a $0.1644 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was 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 payout ratio is currently 22.30%.

Wall Street Analyst Weigh In

CP has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Barclays raised their target price on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Jefferies Financial Group reduced their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Citigroup lifted their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Evercore ISI reduced their price objective on Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.95.

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.