Value Partners Investments Inc. Has $56.77 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Value Partners Investments Inc. lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 39.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 722,870 shares of the transportation company’s stock after purchasing an additional 205,654 shares during the quarter. Canadian Pacific Kansas City accounts for about 4.3% of Value Partners Investments Inc.’s holdings, making the stock its 9th largest position. Value Partners Investments Inc. owned about 0.08% of Canadian Pacific Kansas City worth $56,771,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in CP. Prosperity Bancshares Inc bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $26,000. Gilpin Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $29,000. McMillan Office Inc. bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $31,000. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth $36,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CP. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Sanford C. Bernstein lifted their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Canadian Imperial Bank of Commerce upped their price objective on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday. Finally, Citigroup boosted their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.30.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $87.81 on Friday. The firm has a fifty day simple moving average of $86.74 and a two-hundred day simple moving average of $81.18. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $91.52. The company has a market capitalization of $77.71 billion, a PE ratio of 27.10, a P/E/G ratio of 1.86 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 EPS. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is currently 23.77%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.