Purpose Unlimited Inc. Invests $1.40 Million in Canadian Pacific Kansas City Limited $CP

Purpose Unlimited Inc. acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,045 shares of the transportation company’s stock, valued at approximately $1,403,000.

A number of other large investors have also made changes to their positions in CP. Prosperity Bancshares Inc acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $26,000. Gilpin Wealth Management LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $29,000. McMillan Office Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth about $31,000. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth about $35,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.0%

CP opened at $86.06 on Friday. 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 stock has a market capitalization of $76.17 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09. The business has a 50-day moving average of $86.26 and a two-hundred day moving average of $80.73. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $91.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.2%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CP. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Friday, May 29th. Barclays set a $99.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a research note on Tuesday. Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.40.

Canadian Pacific Kansas City Company Profile

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.