QV Investors Inc. Buys 105,815 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

QV Investors Inc. lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 44.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 346,157 shares of the transportation company's stock after buying an additional 105,815 shares during the period. Canadian Pacific Kansas City comprises 2.6% of QV Investors Inc.'s holdings, making the stock its 12th largest position. QV Investors Inc.'s holdings in Canadian Pacific Kansas City were worth $25,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CP. Grove Bank & Trust grew its holdings in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after acquiring an additional 279 shares during the period. FSA Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $34,000. Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $38,000. Finally, Kennebec Savings Bank acquired a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CP shares. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Evercore ISI upped their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research report on Wednesday, September 25th. Wolfe Research raised Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, Sanford C. Bernstein dropped their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $93.56.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $0.97 during midday trading on Monday, reaching $73.72. The company's stock had a trading volume of 2,878,110 shares, compared to its average volume of 2,628,615. The stock has a market cap of $68.81 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. The business has a 50-day moving average price of $75.11 and a 200-day moving average price of $79.33.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the firm posted $0.69 EPS. The business's quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is presently 18.93%.

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.