2,588 Shares in Canadian Pacific Kansas City Limited $CP Acquired by Boston Family Office LLC

Boston Family Office LLC bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,588 shares of the transportation company’s stock, valued at approximately $205,000.

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

Wall Street Analysts Forecast Growth

CP has been the topic of a number of research analyst reports. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Royal Bank Of Canada dropped their price objective on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Citigroup decreased their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Evercore ISI dropped their target price on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Finally, Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.69.

Canadian Pacific Kansas City Trading Down 0.3%

CP opened at $72.37 on Tuesday. The business has a fifty day moving average price of $73.40 and a 200 day moving average price of $76.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The stock has a market capitalization of $64.93 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.84 and a beta of 1.11.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data 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). 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 analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the business posted $0.99 EPS. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

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

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.