Gold Investment Management Ltd. Grows Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Gold Investment Management Ltd. raised its position in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 0.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 94,338 shares of the transportation company’s stock after buying an additional 272 shares during the period. Canadian Pacific Kansas City comprises approximately 3.4% of Gold Investment Management Ltd.’s holdings, making the stock its 2nd largest holding. Gold Investment Management Ltd.’s holdings in Canadian Pacific Kansas City were worth $8,320,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Mediolanum International Funds Ltd bought a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $764,000. Larson Financial Group LLC boosted its position in Canadian Pacific Kansas City by 2,952.9% during the first quarter. Larson Financial Group LLC now owns 2,076 shares of the transportation company’s stock valued at $183,000 after acquiring an additional 2,008 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Canadian Pacific Kansas City during the first quarter valued at about $1,545,000. Pictet North America Advisors SA acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth about $22,200,000. Finally, Lorne Steinberg Wealth Management Inc. increased its stake in Canadian Pacific Kansas City by 1.8% in the 1st quarter. Lorne Steinberg Wealth Management Inc. now owns 79,533 shares of the transportation company’s stock valued at $7,014,000 after buying an additional 1,374 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded up $2.76 during mid-day trading on Wednesday, reaching $81.22. The company had a trading volume of 2,074,846 shares, compared to its average volume of 2,199,512. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. The company has a market capitalization of $75.77 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.26 and a beta of 0.96. The stock’s 50-day simple moving average is $79.36 and its 200-day simple moving average is $82.30.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

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

Analyst Upgrades and Downgrades

CP has been the subject of several analyst reports. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Evercore ISI decreased their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Evercore cut their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Susquehanna reissued a “neutral” rating and set a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 25th. Finally, Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $95.95.

Get Our Latest Stock Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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