QV Investors Inc. Increases Position in Canadian Pacific Kansas City Limited $CP

QV Investors Inc. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 25.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 553,890 shares of the transportation company’s stock after acquiring an additional 110,903 shares during the period. Canadian Pacific Kansas City comprises 4.3% of QV Investors Inc.’s holdings, making the stock its 6th largest position. QV Investors Inc.’s holdings in Canadian Pacific Kansas City were worth $43,913,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted its holdings in shares of Canadian Pacific Kansas City by 209.8% in the 1st 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 during the 1st quarter valued at $27,000. Cheviot Value Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $30,000. Hexagon Capital Partners LLC raised its stake in Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 164 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $75.45 on Friday. 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 stock has a market capitalization of $68.43 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.13 and a beta of 1.08. The stock’s fifty day simple moving average is $75.57 and its 200 day simple moving average is $76.93. 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 during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 8th. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. One 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.38.

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.