AIA Group Ltd Purchases 6,115 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

AIA Group Ltd grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 50,453 shares of the transportation company’s stock after acquiring an additional 6,115 shares during the period. AIA Group Ltd’s holdings in Canadian Pacific Kansas City were worth $4,448,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in Canadian Pacific Kansas City by 12.1% during the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after acquiring an additional 133 shares during the last quarter. Commerce Bank grew its position in Canadian Pacific Kansas City by 0.3% during the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after acquiring an additional 144 shares during the last quarter. Accretive Wealth Partners LLC grew its position in Canadian Pacific Kansas City by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after acquiring an additional 145 shares during the last quarter. PDS Planning Inc lifted its holdings in Canadian Pacific Kansas City by 4.3% in the 1st quarter. PDS Planning Inc now owns 3,946 shares of the transportation company’s stock worth $348,000 after buying an additional 161 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in Canadian Pacific Kansas City by 1.5% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 12,319 shares of the transportation company’s stock worth $974,000 after buying an additional 182 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP traded up $0.08 during mid-day trading on Friday, reaching $83.35. The stock had a trading volume of 1,382,136 shares, compared to its average volume of 2,194,321. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. The company has a market cap of $77.77 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 2.26 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 business’s 50 day moving average price is $79.50 and its 200 day moving average price is $82.34.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.59 billion. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.16 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CP shares. Evercore ISI dropped their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Evercore dropped their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Bank of America dropped their price objective on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Susquehanna reiterated a “neutral” rating and issued a $80.00 price objective on shares of Canadian Pacific Kansas City in a report on Tuesday, June 25th. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.95.

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.