Alkeon Capital Management LLC Raises Holdings in Canadian Pacific Kansas City Limited $CP

Alkeon Capital Management LLC boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 82.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,004,000 shares of the transportation company’s stock after acquiring an additional 904,000 shares during the quarter. Alkeon Capital Management LLC owned about 0.22% of Canadian Pacific Kansas City worth $158,857,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CP. Vanderbilt University boosted its position in shares of Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after purchasing an additional 7,050 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. lifted its stake in Canadian Pacific Kansas City by 2.2% during the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock worth $51,410,000 after purchasing an additional 14,260 shares in the last quarter. Key Financial Inc purchased a new position in shares of Canadian Pacific Kansas City during the second quarter worth $371,000. Ninety One North America Inc. grew its stake in shares of Canadian Pacific Kansas City by 135.7% in the second quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock valued at $16,394,000 after buying an additional 119,052 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Canadian Pacific Kansas City by 7.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,935,337 shares of the transportation company’s stock valued at $153,847,000 after buying an additional 136,981 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the topic of several research reports. Jefferies Financial Group set a $90.00 target price on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday. Susquehanna set a $87.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City Trading Down 0.2%

Shares of NYSE:CP opened at $75.11 on Friday. The company has a market cap of $67.39 billion, a PE ratio of 22.90, a P/E/G ratio of 1.90 and a beta of 1.11. The company’s 50 day moving average is $73.28 and its two-hundred day moving average is $76.07. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same period last year, the firm earned $0.99 earnings per share. Equities analysts predict 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 business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is 20.12%.

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.