Forsta AP Fonden Has $15.87 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Forsta AP Fonden lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,300 shares of the transportation company’s stock after buying an additional 27,800 shares during the period. Forsta AP Fonden’s holdings in Canadian Pacific Kansas City were worth $15,866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CP. Brookstone Capital Management boosted its position in shares of Canadian Pacific Kansas City by 55.0% during the first quarter. Brookstone Capital Management now owns 14,959 shares of the transportation company’s stock worth $1,319,000 after buying an additional 5,308 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Canadian Pacific Kansas City by 42.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 80,748 shares of the transportation company’s stock worth $7,120,000 after buying an additional 24,063 shares during the period. Independence Bank of Kentucky boosted its position in Canadian Pacific Kansas City by 70.9% during the first quarter. Independence Bank of Kentucky now owns 940 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 390 shares during the last quarter. Chapin Davis Inc. acquired a new position in Canadian Pacific Kansas City during the first quarter valued at approximately $449,000. Finally, BKM Wealth Management LLC boosted its position in Canadian Pacific Kansas City by 27.9% during the first quarter. BKM Wealth Management LLC now owns 6,385 shares of the transportation company’s stock valued at $563,000 after purchasing an additional 1,393 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on CP shares. Evercore ISI increased their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Sanford C. Bernstein reduced their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Barclays increased their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group reduced their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.95.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $77.11 on Friday. The firm has a market cap of $71.95 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 1-year low of $69.07 and a 1-year high of $91.58. The business’s 50 day moving average is $82.86 and its 200-day moving average is $81.35.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the business earned $0.69 EPS. Canadian Pacific Kansas City’s revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.95%.

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.