5,902 Shares in Canadian Pacific Kansas City Limited $CP Bought by World Investment Advisors

World Investment Advisors purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,902 shares of the transportation company’s stock, valued at approximately $468,000.

A number of other institutional investors also recently bought and sold shares of the business. Invesco Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 59.5% in the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock valued at $1,192,471,000 after acquiring an additional 6,337,312 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Canadian Pacific Kansas City by 70.4% in the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company’s stock valued at $652,936,000 after purchasing an additional 3,842,866 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $126,928,000. Causeway Capital Management LLC raised its holdings in Canadian Pacific Kansas City by 11.5% during the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock worth $1,207,605,000 after purchasing an additional 1,778,984 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Canadian Pacific Kansas City by 47.7% during the first quarter. Canada Pension Plan Investment Board now owns 4,541,610 shares of the transportation company’s stock worth $318,775,000 after purchasing an additional 1,465,689 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $70.64 on Tuesday. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The stock has a market capitalization of $63.61 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.06 and a beta of 1.08. The company has a 50-day simple moving average of $75.43 and a 200-day simple moving average of $76.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same quarter last year, the firm earned $0.99 EPS. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.12%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CP. Evercore ISI lowered their target price on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Stephens upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Susquehanna set a $87.00 price objective on Canadian Pacific Kansas City in a report on Thursday. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.69.

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.