GPM Growth Investors Inc. Invests $4.82 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

GPM Growth Investors Inc. bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 61,253 shares of the transportation company’s stock, valued at approximately $4,822,000. Canadian Pacific Kansas City makes up about 2.0% of GPM Growth Investors Inc.’s portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in CP. Legacy Capital Wealth Partners LLC purchased a new position in shares of Canadian Pacific Kansas City during the second quarter worth $433,000. Fiera Capital Corp lifted its position in shares of Canadian Pacific Kansas City by 2.0% during the 2nd quarter. Fiera Capital Corp now owns 5,707,094 shares of the transportation company’s stock valued at $449,640,000 after buying an additional 111,613 shares in the last quarter. Financial Counselors Inc. grew its stake in Canadian Pacific Kansas City by 6.3% in the 2nd quarter. Financial Counselors Inc. now owns 155,961 shares of the transportation company’s stock valued at $12,279,000 after acquiring an additional 9,246 shares during the period. Summit Financial LLC purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter worth $361,000. Finally, Dover Advisors LLC raised its position in Canadian Pacific Kansas City by 12.1% during the second quarter. Dover Advisors LLC now owns 6,209 shares of the transportation company’s stock worth $489,000 after acquiring an additional 670 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Sanford C. Bernstein lifted their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday, July 8th. Barclays decreased their price target on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Stifel Nicolaus raised their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Jefferies Financial Group decreased their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.56.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $84.47 on Thursday. 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 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The business has a 50 day moving average price of $80.86 and a 200 day moving average price of $82.55. The company has a market capitalization of $78.82 billion, a P/E ratio of 27.07, a PEG ratio of 2.36 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% on a year-over-year basis. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.09 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.65%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.31%.

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.