Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by QV Investors Inc.

QV Investors Inc. grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 44.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 346,157 shares of the transportation company’s stock after acquiring an additional 105,815 shares during the period. Canadian Pacific Kansas City comprises about 2.6% of QV Investors Inc.’s investment portfolio, making the stock its 12th biggest holding. QV Investors Inc.’s holdings in Canadian Pacific Kansas City were worth $25,051,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Private Advisor Group LLC increased its position in shares of Canadian Pacific Kansas City by 11.5% in the 2nd quarter. Private Advisor Group LLC now owns 10,918 shares of the transportation company’s stock worth $860,000 after purchasing an additional 1,130 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $61,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Canadian Pacific Kansas City by 8.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 276,485 shares of the transportation company’s stock valued at $21,633,000 after acquiring an additional 20,764 shares during the last quarter. Meeder Advisory Services Inc. raised its position in shares of Canadian Pacific Kansas City by 9.4% during the 2nd quarter. Meeder Advisory Services Inc. now owns 3,362 shares of the transportation company’s stock valued at $265,000 after acquiring an additional 288 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in Canadian Pacific Kansas City during the second quarter worth $1,320,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $81.00 to $88.00 in a research note on Monday, January 6th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, January 8th. Stifel Nicolaus lowered their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Finally, Bank of America cut their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $93.56.

Canadian Pacific Kansas City Price Performance

Shares of CP traded down $0.94 during midday trading on Monday, reaching $73.75. The stock had a trading volume of 1,239,364 shares, compared to its average volume of 2,385,271. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market capitalization of $68.84 billion, a P/E ratio of 26.34, a P/E/G ratio of 2.26 and a beta of 0.96. The firm’s 50 day moving average price is $75.11 and its 200-day moving average price is $79.33. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Canadian Pacific Kansas City’s revenue was up 6.3% compared to the same quarter last year. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 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, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.93%.

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.