Canadian Pacific Kansas City Limited $CP is Aviso Financial Inc.’s 5th Largest Position

Aviso Financial Inc. grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,091,948 shares of the transportation company’s stock after purchasing an additional 23,127 shares during the period. Canadian Pacific Kansas City makes up approximately 3.9% of Aviso Financial Inc.’s portfolio, making the stock its 5th biggest holding. Aviso Financial Inc. owned about 0.12% of Canadian Pacific Kansas City worth $86,730,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CP. Cheviot Value Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at approximately $30,000. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth $35,000. Chilton Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter worth about $49,000. WPG Advisers LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $50,000. Finally, LRI Investments LLC raised its position in shares of Canadian Pacific Kansas City by 42.1% in the 2nd quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock worth $57,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

CP opened at $69.98 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $62.79 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. The stock’s 50 day moving average price is $73.73 and its two-hundred day moving average price is $76.66. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.91 annualized dividend and a yield of 1.3%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is presently 19.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $91.69.

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.