Harvest Portfolios Group Inc. Buys 7,181 Shares of Canadian Pacific Kansas City Limited $CP

Harvest Portfolios Group Inc. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 16.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 49,868 shares of the transportation company’s stock after acquiring an additional 7,181 shares during the period. Harvest Portfolios Group Inc.’s holdings in Canadian Pacific Kansas City were worth $3,671,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CP. Invesco Ltd. lifted its position in Canadian Pacific Kansas City by 18.3% in the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after buying an additional 3,585,030 shares during the last quarter. Lazard Asset Management LLC lifted its position in Canadian Pacific Kansas City by 281.2% in the third quarter. Lazard Asset Management LLC now owns 1,379,393 shares of the transportation company’s stock worth $102,711,000 after buying an additional 1,017,576 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Canadian Pacific Kansas City by 1,840.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,072,760 shares of the transportation company’s stock worth $78,987,000 after buying an additional 1,017,464 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Canadian Pacific Kansas City by 818,578.8% in the third quarter. BNP Paribas Financial Markets now owns 925,107 shares of the transportation company’s stock worth $68,911,000 after buying an additional 924,994 shares during the last quarter. Finally, QV Investors Inc. bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $53,667,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Up 0.2%

NYSE:CP opened at $86.29 on Thursday. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $89.42. The company has a market cap of $76.60 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09. The stock has a fifty day simple moving average of $82.37 and a 200-day simple moving average of $78.01. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $1.06 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a $0.268 dividend. The ex-dividend date is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is presently 24.07%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CP. Royal Bank Of Canada lowered their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Evercore lowered their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Sunday. Citigroup lifted 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. Finally, ATB Cormark Capital Markets downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.89.

Canadian Pacific Kansas City Profile

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.