Montrusco Bolton Investments Inc. Buys 1,560 Shares of Canadian Pacific Kansas City Limited $CP

Montrusco Bolton Investments Inc. grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 27,488 shares of the transportation company’s stock after purchasing an additional 1,560 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $2,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CP. Cornerstone Planning Group LLC increased its position in Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after purchasing an additional 256 shares during the last quarter. North Capital Inc. bought a new stake in Canadian Pacific Kansas City in the first quarter worth $27,000. Cheviot Value Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter worth $30,000. Hexagon Capital Partners LLC increased its position in Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after purchasing an additional 164 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter worth $35,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the topic of several research reports. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Stephens boosted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.85.

Canadian Pacific Kansas City Stock Down 1.1%

NYSE CP opened at $74.90 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average of $75.34 and a two-hundred day moving average of $76.53. The firm has a market capitalization of $67.93 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.11 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.

Canadian Pacific Kansas City Company 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.