Soros Capital Management LLC Purchases Shares of 15,157 Canadian Pacific Kansas City Limited (NYSE:CP)

Soros Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 15,157 shares of the transportation company’s stock, valued at approximately $1,297,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CP. Grove Bank & Trust increased its holdings in 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 purchasing an additional 130 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares in the last quarter. LRI Investments LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth about $35,000. Chris Bulman Inc bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $35,000. Finally, Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $38,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CP has been the subject of a number of recent research reports. Bank of America dropped 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 research note on Thursday, October 24th. Barclays lifted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Evercore ISI increased their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Finally, 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 on the stock in a research report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.68.

Canadian Pacific Kansas City Stock Down 3.5 %

Shares of CP stock opened at $74.38 on Wednesday. Canadian Pacific Kansas City Limited has a 52-week low of $69.27 and a 52-week high of $91.58. The stock has a market cap of $69.42 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.28 and a beta of 0.98. The firm’s 50-day moving average is $79.89 and its 200-day moving average is $80.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company earned $0.69 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% on a year-over-year basis. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current 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 given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is 19.64%.

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.