Financiere des Professionnels Fonds d investissement inc. Purchases 20,019 Shares of Canadian Pacific Kansas City Limited $CP

Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 66.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 50,300 shares of the transportation company’s stock after purchasing an additional 20,019 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Canadian Pacific Kansas City were worth $3,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cromwell Holdings LLC lifted its position in Canadian Pacific Kansas City by 8.1% in the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock worth $143,000 after purchasing an additional 145 shares during the period. Essex Financial Services Inc. increased its holdings in Canadian Pacific Kansas City by 3.2% in the 1st quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company’s stock valued at $376,000 after buying an additional 149 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in shares of Canadian Pacific Kansas City by 3.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock valued at $371,000 after buying an additional 157 shares in the last quarter. Fortune Financial Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after buying an additional 158 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after buying an additional 176 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $92.84 on Friday. The firm has a market capitalization of $82.17 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.81 and a beta of 1.10. The stock has a fifty day moving average price of $88.09 and a two-hundred day moving average price of $82.69. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $93.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is 24.07%.

Analysts Set New Price Targets

CP has been the topic of several recent research reports. Susquehanna lifted their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research report on Tuesday. Wells Fargo & Company increased their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Citizens Jmp initiated coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday. They set a “market perform” rating for the company. Evercore set a $91.00 price objective on Canadian Pacific Kansas City and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.91.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.