PFG Investments LLC Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

PFG Investments LLC acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,898 shares of the transportation company’s stock, valued at approximately $432,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Canadian Pacific Kansas City by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company’s stock worth $2,714,750,000 after buying an additional 585,049 shares during the period. FMR LLC raised its stake in Canadian Pacific Kansas City by 1.8% in the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after purchasing an additional 553,163 shares during the last quarter. TD Asset Management Inc raised its stake in Canadian Pacific Kansas City by 47.7% in the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after purchasing an additional 6,835,271 shares during the last quarter. Mackenzie Financial Corp raised its stake in Canadian Pacific Kansas City by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock valued at $1,122,370,000 after purchasing an additional 787,608 shares during the last quarter. Finally, Veritas Asset Management LLP raised its stake in Canadian Pacific Kansas City by 1.8% in the 4th quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock valued at $1,062,148,000 after purchasing an additional 243,210 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 3.0 %

Canadian Pacific Kansas City stock traded down $2.42 during midday trading on Tuesday, reaching $78.43. 2,479,830 shares of the stock traded hands, compared to its average volume of 2,126,160. The company has a 50-day simple moving average of $86.82 and a two-hundred day simple moving average of $80.00. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. The firm has a market cap of $73.15 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 2.31 and a beta of 0.94. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.95%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Raymond James raised their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Finally, StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $96.42.

About Canadian Pacific Kansas City

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.