Foster Group Inc. Increases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Foster Group Inc. grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,343 shares of the transportation company’s stock after acquiring an additional 179 shares during the period. Foster Group Inc.’s holdings in Canadian Pacific Kansas City were worth $305,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Canadian Pacific Kansas City by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after buying an additional 381,594 shares in the last quarter. Spire Wealth Management purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $44,000. Stratos Wealth Partners LTD. lifted its stake in Canadian Pacific Kansas City by 3.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 7,465 shares of the transportation company’s stock worth $540,000 after purchasing an additional 226 shares in the last quarter. YANKCOM Partnership purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $36,000. Finally, Golden State Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $128,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $81.88 on Friday. 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 $76.19 billion, a PE ratio of 28.23, a P/E/G ratio of 2.00 and a beta of 1.10. The firm has a fifty day simple moving average of $75.86 and a two-hundred day simple moving average of $75.61. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share 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 company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the company posted $0.93 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 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 28th. Shareholders of record on Friday, June 27th will be given a $0.1644 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.80%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s payout ratio is presently 22.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus lowered their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Bank of America raised their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a “buy” rating in a report on Friday, May 16th. Barclays lowered their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Evercore ISI dropped their target price on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Finally, Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $90.66.

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.