Capital Insight Partners LLC Acquires 334 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Capital Insight Partners LLC increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,494 shares of the transportation company’s stock after acquiring an additional 334 shares during the quarter. Capital Insight Partners LLC’s holdings in Canadian Pacific Kansas City were worth $2,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of CP. JARISLOWSKY FRASER Ltd increased its stake in shares of Canadian Pacific Kansas City by 63.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock valued at $7,127,000 after purchasing an additional 34,856 shares in the last quarter. Meritage Group LP bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $207,850,000. The Manufacturers Life Insurance Company raised its stake in Canadian Pacific Kansas City by 4.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock valued at $948,585,000 after buying an additional 507,177 shares during the last quarter. Choate Investment Advisors boosted its holdings in Canadian Pacific Kansas City by 24.2% in the first quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock worth $6,349,000 after acquiring an additional 14,037 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Canadian Pacific Kansas City by 1.9% in the fourth quarter. Sei Investments Co. now owns 667,246 shares of the transportation company’s stock worth $52,752,000 after acquiring an additional 12,323 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

CP traded up $1.66 during trading on Friday, hitting $82.02. The company’s stock had a trading volume of 2,457,705 shares, compared to its average volume of 2,122,190. The business’s 50 day simple moving average is $80.16 and its 200-day simple moving average is $82.66. The firm has a market cap of $76.53 billion, a PE ratio of 26.29, a P/E/G ratio of 2.27 and a beta of 0.96. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. Canadian Pacific Kansas City’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.11 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a $0.1373 dividend. This represents a $0.55 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is 17.31%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lowered 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. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Barclays reduced their price target on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Wells Fargo & Company started coverage on Canadian Pacific Kansas City in a research report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price objective on the stock. Finally, Sanford C. Bernstein lifted their target price on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday, July 8th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $96.56.

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.