Port Capital LLC Grows Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Port Capital LLC increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 711,428 shares of the transportation company’s stock after purchasing an additional 924 shares during the quarter. Canadian Pacific Kansas City makes up 2.4% of Port Capital LLC’s portfolio, making the stock its 18th biggest holding. Port Capital LLC owned approximately 0.08% of Canadian Pacific Kansas City worth $51,492,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Prevatt Capital Ltd grew its position in shares of Canadian Pacific Kansas City by 86.7% during the fourth quarter. Prevatt Capital Ltd now owns 280,000 shares of the transportation company’s stock worth $20,264,000 after purchasing an additional 130,000 shares in the last quarter. Paradoxiom Capital L.P. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $9,798,000. Pathstone Holdings LLC grew its holdings in Canadian Pacific Kansas City by 6.6% during the 4th quarter. Pathstone Holdings LLC now owns 265,090 shares of the transportation company’s stock valued at $19,192,000 after buying an additional 16,329 shares in the last quarter. Malaga Cove Capital LLC grew its holdings in Canadian Pacific Kansas City by 6.6% during the 4th quarter. Malaga Cove Capital LLC now owns 8,763 shares of the transportation company’s stock valued at $634,000 after buying an additional 539 shares in the last quarter. Finally, Man Group plc purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $18,256,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $81.50 on Thursday. The stock has a market cap of $75.83 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a 50 day moving average price of $73.02 and a 200-day moving average price of $75.10. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $0.93 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 21.28%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Jefferies Financial Group cut their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Argus set a $90.00 price target on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Citigroup cut their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Susquehanna raised their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a “positive” rating in a report on Thursday, May 1st. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.71.

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.