Canadian Pacific Kansas City Limited $CP Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 166.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,965 shares of the transportation company’s stock after acquiring an additional 269,965 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Canadian Pacific Kansas City were worth $31,806,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Gilpin Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $29,000. McMillan Office Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $31,000. Wealth Watch Advisors INC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $36,000. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $37,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 1.0%

CP stock opened at $89.22 on Tuesday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $91.52. The company’s 50 day simple moving average is $85.73 and its 200-day simple moving average is $80.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The firm has a market capitalization of $79.15 billion, a P/E ratio of 27.54, a P/E/G ratio of 1.93 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays set a $99.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada dropped their target price on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.22.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.