Tidal Investments LLC Boosts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Tidal Investments LLC grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 621.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,893 shares of the transportation company’s stock after purchasing an additional 33,501 shares during the period. Tidal Investments LLC’s holdings in Canadian Pacific Kansas City were worth $2,815,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Tema Etfs LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $500,000. Select Equity Group L.P. boosted its holdings in shares of Canadian Pacific Kansas City by 32.7% in the 4th quarter. Select Equity Group L.P. now owns 3,080,078 shares of the transportation company’s stock valued at $222,900,000 after acquiring an additional 759,293 shares during the last quarter. Prevatt Capital Ltd boosted its holdings in shares of Canadian Pacific Kansas City by 86.7% in the 4th quarter. Prevatt Capital Ltd now owns 280,000 shares of the transportation company’s stock valued at $20,264,000 after acquiring an additional 130,000 shares during the last quarter. Paradoxiom Capital L.P. purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $9,798,000. Finally, Pathstone Holdings LLC boosted its holdings in shares of Canadian Pacific Kansas City by 6.6% in the 4th quarter. Pathstone Holdings LLC now owns 265,090 shares of the transportation company’s stock valued at $19,192,000 after acquiring an additional 16,329 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 1.1%

Shares of NYSE:CP opened at $81.06 on Thursday. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The firm has a market capitalization of $75.42 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business’s 50 day moving average price is $73.78 and its 200-day moving average price is $75.24.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue was up 8.0% on a year-over-year basis. On average, equities research 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 declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio is 21.28%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CP. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating for the company in a report on Monday, April 14th. Evercore ISI decreased their price objective on Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Jefferies Financial Group cut their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Royal Bank of Canada cut their target price on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $90.63.

Canadian Pacific Kansas City 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.