Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,437 shares of the transportation company’s stock after acquiring an additional 502 shares during the period. Fulton Bank N.A.’s holdings in Canadian Pacific Kansas City were worth $241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its holdings in Canadian Pacific Kansas City by 18.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock worth $60,000 after buying an additional 133 shares in the last quarter. Wiser Advisor Group LLC boosted its holdings in Canadian Pacific Kansas City by 9.5% during the fourth quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock worth $125,000 after buying an additional 150 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Canadian Pacific Kansas City by 2.2% during the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company’s stock worth $521,000 after buying an additional 152 shares in the last quarter. Transatlantique Private Wealth LLC lifted its position in shares of Canadian Pacific Kansas City by 1.6% in the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company’s stock valued at $728,000 after acquiring an additional 157 shares in the last quarter. Finally, BKM Wealth Management LLC lifted its position in shares of Canadian Pacific Kansas City by 2.2% in the 4th quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock valued at $526,000 after acquiring an additional 158 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Down 0.3%

Shares of NYSE CP opened at $81.80 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market cap of $76.11 billion, a PE ratio of 28.21, a P/E/G ratio of 2.00 and a beta of 1.10. The company has a 50-day moving average of $75.64 and a two-hundred day moving average of $75.56. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Canadian Pacific Kansas City’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. As a group, equities analysts expect 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 declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio is 22.30%.

Analyst Ratings Changes

CP has been the subject of several research analyst reports. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. The Goldman Sachs Group restated a “neutral” rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday. Susquehanna raised their price target on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a “positive” rating in a report on Thursday, May 1st. Finally, Bank of America raised their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.66.

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.