Mediolanum International Funds Ltd Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Mediolanum International Funds Ltd acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,664 shares of the transportation company’s stock, valued at approximately $764,000.

Several other hedge funds and other institutional investors have also modified their holdings of CP. Anchor Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $40,000. Independence Bank of Kentucky acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $43,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $45,000. Tobam acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth $51,000. Finally, Rational Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter valued at $52,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 3.5 %

CP traded up $2.76 during 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 12-month low of $68.92 and a 12-month high of $91.58. The firm’s 50-day simple moving average is $79.29 and its 200 day simple moving average is $82.31. The company has a market cap of $75.77 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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 net margin of 28.27% and a return on equity of 8.48%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is 17.95%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Stifel Nicolaus cut their target price on shares of 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. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday. Raymond James boosted their price objective on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Finally, Sanford C. Bernstein increased their target price on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.95.

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.