Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Louisbourg Investments Inc.

Louisbourg Investments Inc. increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 65.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 47,041 shares of the transportation company’s stock after purchasing an additional 18,646 shares during the period. Louisbourg Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $3,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its holdings in Canadian Pacific Kansas City by 5.0% in the 3rd quarter. CWM LLC now owns 7,425 shares of the transportation company’s stock valued at $635,000 after purchasing an additional 352 shares in the last quarter. Procyon Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $259,000. Grove Bank & Trust boosted its stake in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares in the last quarter. Creative Planning grew its holdings in Canadian Pacific Kansas City by 9.6% during the third quarter. Creative Planning now owns 143,058 shares of the transportation company’s stock worth $12,237,000 after acquiring an additional 12,558 shares during the period. Finally, Dover Advisors LLC raised its position in Canadian Pacific Kansas City by 4.6% in the third quarter. Dover Advisors LLC now owns 6,494 shares of the transportation company’s stock worth $555,000 after acquiring an additional 285 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $78.36 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The stock has a fifty day moving average of $75.63 and a two-hundred day moving average of $78.71. The company has a market capitalization of $73.15 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.02 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.62%.

Wall Street Analysts Forecast Growth

CP has been the topic of several research analyst reports. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Stephens upped their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

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.