Swiss National Bank Purchases 23,000 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Swiss National Bank lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,820,893 shares of the transportation company’s stock after purchasing an additional 23,000 shares during the period. Swiss National Bank owned 0.30% of Canadian Pacific Kansas City worth $241,645,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CP. Mirova US LLC bought a new position in shares of Canadian Pacific Kansas City during the second quarter valued at about $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Canadian Pacific Kansas City by 398.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after acquiring an additional 1,678,784 shares during the period. Wulff Hansen & CO. raised its position 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 acquiring an additional 932,216 shares during the period. AGF Management Ltd. raised its position in Canadian Pacific Kansas City by 86.5% in the second quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after acquiring an additional 735,816 shares during the period. Finally, 1832 Asset Management L.P. raised its position in Canadian Pacific Kansas City by 5.5% in the second quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after acquiring an additional 723,188 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP stock opened at $73.99 on Friday. The stock has a market cap of $69.06 billion, a PE ratio of 26.43, a P/E/G ratio of 2.20 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a one year low of $69.27 and a one year high of $91.58. The firm has a 50 day simple moving average of $81.44 and a two-hundred day simple moving average of $80.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data 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). The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.64%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CP. Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their price objective for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Stephens lowered their price objective on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Evercore ISI lifted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Finally, Citigroup lowered 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 equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.