LGT Fund Management Co Ltd. Makes New $206,000 Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

LGT Fund Management Co Ltd. purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,600 shares of the transportation company’s stock, valued at approximately $206,000.

Several other hedge funds have also bought and sold shares of the stock. Sands Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $31,000. Anchor Investment Management LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $40,000. Independence Bank of Kentucky purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $43,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $45,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $70,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the topic of a number of recent analyst reports. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Raymond James upped their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Barclays upped their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded up $1.10 during midday trading on Thursday, reaching $78.67. The company had a trading volume of 566,233 shares, compared to its average volume of 2,123,294. The business’s 50-day simple moving average is $86.66 and its 200 day simple moving average is $79.99. The stock has a market cap of $73.37 billion, a P/E ratio of 24.86, a P/E/G ratio of 2.22 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

About Canadian Pacific Kansas City

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.