Signature Estate & Investment Advisors LLC Buys New Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Signature Estate & Investment Advisors LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,467 shares of the transportation company’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently made changes to their positions in CP. Grove Bank & Trust raised its holdings in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares in the last quarter. LRI Investments LLC bought a new position in Canadian Pacific Kansas City during the first quarter valued at approximately $32,000. Addison Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after acquiring an additional 279 shares in the last quarter. Chris Bulman Inc bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $35,000. Finally, Asset Dedication LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $38,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 2.5 %

NYSE CP opened at $73.99 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $69.27 and a twelve month high of $91.58. The firm has a market capitalization of $69.06 billion, a PE ratio of 26.43, a P/E/G ratio of 2.25 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $81.44 and its 200 day moving average is $80.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the business posted $0.69 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 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 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. Canadian Pacific Kansas City’s payout ratio is presently 20.00%.

Analyst Ratings Changes

Several research firms have weighed in on CP. Sanford C. Bernstein cut their price target on shares of 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. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their target price for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Evercore ISI boosted their price objective 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. Bank of America lowered their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.68.

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.