Hyman Charles D Invests $414,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Hyman Charles D purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,240 shares of the transportation company’s stock, valued at approximately $414,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Canadian Pacific Kansas City by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company’s stock worth $2,511,546,000 after buying an additional 483,138 shares during the last quarter. FMR LLC grew its stake in shares of Canadian Pacific Kansas City by 1.8% in the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after purchasing an additional 553,163 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Canadian Pacific Kansas City by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock valued at $1,122,370,000 after purchasing an additional 787,608 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Canadian Pacific Kansas City by 0.9% in the 3rd quarter. CIBC Asset Management Inc now owns 9,536,530 shares of the transportation company’s stock valued at $711,045,000 after purchasing an additional 86,525 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Canadian Pacific Kansas City by 0.4% in the 3rd quarter. Bank of Nova Scotia now owns 8,305,174 shares of the transportation company’s stock valued at $617,332,000 after purchasing an additional 36,287 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. TD Securities cut Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They issued a “buy” rating and a $105.00 price target for the company. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Evercore reduced their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Susquehanna Bancshares cut Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.42.

Canadian Pacific Kansas City Stock Down 0.3 %

NYSE CP traded down $0.25 on Tuesday, hitting $81.27. 1,814,350 shares of the stock traded hands, compared to its average volume of 2,144,901. The stock has a 50-day moving average of $86.19 and a 200 day moving average of $80.29. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a market capitalization of $75.79 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The company has a current ratio of 0.49, a quick ratio of 0.43 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 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

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.