Interval Partners LP Invests $10.91 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

Interval Partners LP acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 150,697 shares of the transportation company’s stock, valued at approximately $10,906,000.

Several other large investors have also bought and sold shares of CP. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $33,000. Stonebridge Financial Group LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Millstone Evans Group LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Finally, Curio Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $73.31 on Friday. The firm’s 50 day moving average is $72.94 and its 200-day moving average is $75.06. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $68.21 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the business earned $0.93 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio is presently 21.28%.

Analyst Upgrades and Downgrades

CP has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group decreased their price target 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. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.71.

Canadian Pacific Kansas City Company 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.