Banque Cantonale Vaudoise Makes New Investment in Canadian Pacific Kansas City Limited $CP

Banque Cantonale Vaudoise acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,678 shares of the transportation company’s stock, valued at approximately $1,082,000.

Other institutional investors also recently bought and sold shares of the company. Harvest Portfolios Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 16.8% in the 4th quarter. Harvest Portfolios Group Inc. now owns 49,868 shares of the transportation company’s stock worth $3,671,000 after buying an additional 7,181 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $4,538,000. Saranac Partners Ltd bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $5,973,000. HighTower Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after acquiring an additional 37,044 shares during the last quarter. Finally, Pacific Heights Asset Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 42.5% in the 4th quarter. Pacific Heights Asset Management LLC now owns 285,000 shares of the transportation company’s stock worth $20,985,000 after acquiring an additional 85,000 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 0.5%

Shares of CP opened at $86.28 on Friday. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $89.42. The company has a 50-day moving average of $82.49 and a 200 day moving average of $78.17. The firm has a market capitalization of $76.59 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.86 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, 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 firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a $0.268 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CP. Barclays set a $99.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada decreased their price objective on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Sanford C. Bernstein lifted their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Citigroup lifted their price objective on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.89.

Canadian Pacific Kansas City Company 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.