&Partners Acquires 4,753 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

&Partners boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 140.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,137 shares of the transportation company’s stock after purchasing an additional 4,753 shares during the quarter. &Partners’ holdings in Canadian Pacific Kansas City were worth $641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $979,890,000. TD Asset Management Inc lifted its stake in shares of Canadian Pacific Kansas City by 47.7% in the fourth quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after acquiring an additional 6,835,271 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Canadian Pacific Kansas City by 757.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock valued at $342,191,000 after purchasing an additional 3,801,910 shares during the period. Meritage Group LP acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $207,850,000. Finally, Clearbridge Investments LLC raised its position in shares of Canadian Pacific Kansas City by 36.3% in the 4th quarter. Clearbridge Investments LLC now owns 7,581,167 shares of the transportation company’s stock worth $599,367,000 after acquiring an additional 2,018,375 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CP shares. Wells Fargo & Company initiated coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 price objective for the company. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Barclays cut their target price on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Stifel Nicolaus increased their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Finally, Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.56.

Canadian Pacific Kansas City Stock Up 2.1 %

Shares of NYSE:CP opened at $82.03 on Friday. The firm has a market capitalization of $76.54 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.43 and a current ratio of 0.51. The stock has a 50 day moving average price of $80.16 and a 200-day moving average price of $82.66. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.11 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be given a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

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.