Canadian Pacific Kansas City Limited $CP Shares Purchased by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,494,133 shares of the transportation company’s stock after acquiring an additional 155,640 shares during the quarter. Canadian Pacific Kansas City comprises about 3.2% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 14th largest holding. Cardinal Capital Management Inc. owned about 0.16% of Canadian Pacific Kansas City worth $111,349,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in Canadian Pacific Kansas City by 38.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,112 shares of the transportation company’s stock valued at $232,000 after purchasing an additional 872 shares during the period. Park National Corp OH boosted its position in shares of Canadian Pacific Kansas City by 12.7% during the third quarter. Park National Corp OH now owns 7,819 shares of the transportation company’s stock worth $582,000 after buying an additional 881 shares during the period. Osaic Holdings Inc. boosted its position in shares of Canadian Pacific Kansas City by 11.9% during the second quarter. Osaic Holdings Inc. now owns 32,318 shares of the transportation company’s stock worth $2,560,000 after buying an additional 3,431 shares during the period. American Trust bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $214,000. Finally, Orion Porfolio Solutions LLC increased its position in Canadian Pacific Kansas City by 0.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 142,597 shares of the transportation company’s stock valued at $11,304,000 after acquiring an additional 636 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Jefferies Financial Group set a $90.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a report on Monday, October 13th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Barclays set a $90.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.69.

Canadian Pacific Kansas City Stock Down 1.0%

CP stock opened at $74.43 on Tuesday. The firm has a market cap of $66.78 billion, a PE ratio of 22.69, a P/E/G ratio of 1.90 and a beta of 1.11. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The firm has a 50 day simple moving average of $73.22 and a 200 day simple moving average of $75.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the company posted $0.99 earnings per share. Equities research analysts forecast 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, December 31st. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio is 20.12%.

Canadian Pacific Kansas City Company 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.