Canadian Pacific Kansas City Limited $CP Shares Bought by AlTi Global Inc.

AlTi Global Inc. grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 93.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,825 shares of the transportation company’s stock after purchasing an additional 17,333 shares during the quarter. AlTi Global Inc.’s holdings in Canadian Pacific Kansas City were worth $2,818,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CP. Cromwell Holdings LLC grew its position in shares of Canadian Pacific Kansas City by 8.1% in the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 145 shares during the period. Essex Financial Services Inc. lifted its position in Canadian Pacific Kansas City by 3.2% during the first quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company’s stock worth $376,000 after buying an additional 149 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in Canadian Pacific Kansas City by 3.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock worth $371,000 after buying an additional 157 shares during the last quarter. Fortune Financial Advisors LLC boosted its stake in Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock worth $1,003,000 after buying an additional 158 shares during the last quarter. Finally, Brookstone Capital Management grew its holdings in Canadian Pacific Kansas City by 1.2% in the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Evercore set a $91.00 target price on shares of Canadian Pacific Kansas City and gave the company an “outperform” rating in a report on Thursday, June 25th. Susquehanna upped their price target on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Wells Fargo & Company increased their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Finally, Sanford C. Bernstein increased their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.91.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $93.70 on Monday. The firm has a fifty day simple moving average of $88.24 and a 200-day simple moving average of $82.83. The company has a market capitalization of $82.93 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $93.95. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $1.06 EPS. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.68 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a $0.268 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 24.07%.

About Canadian Pacific Kansas City

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.