Milestones Administradora de Recursos Ltda. Buys Shares of 59,250 Canadian Pacific Kansas City Limited (NYSE:CP)

Milestones Administradora de Recursos Ltda. bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,250 shares of the transportation company’s stock, valued at approximately $5,068,000. Canadian Pacific Kansas City makes up approximately 2.0% of Milestones Administradora de Recursos Ltda.’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of CP. Mirova US LLC acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Canadian Pacific Kansas City by 398.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock valued at $165,419,000 after purchasing an additional 1,678,784 shares during the last quarter. Cantillon Capital Management LLC boosted its holdings in Canadian Pacific Kansas City by 49.1% in the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company’s stock worth $314,563,000 after purchasing an additional 1,174,200 shares in the last quarter. Wulff Hansen & CO. boosted its holdings in Canadian Pacific Kansas City by 8,261.4% in the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after purchasing an additional 932,216 shares in the last quarter. Finally, AGF Management Ltd. increased its position in Canadian Pacific Kansas City by 86.5% during the second quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after buying an additional 735,816 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $0.12 on Wednesday, reaching $77.87. The company’s stock had a trading volume of 666,245 shares, compared to its average volume of 2,103,581. Canadian Pacific Kansas City Limited has a twelve month low of $69.08 and a twelve month high of $91.58. The business’s fifty day moving average price is $82.80 and its 200 day moving average price is $81.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The company has a market cap of $72.68 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.21 and a beta of 0.96.

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 (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 analyst estimates of $3.59 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is presently 20.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CP shares. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays raised their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Stephens cut their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Sanford C. Bernstein lowered their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

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.