Generali Asset Management SPA SGR lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,132 shares of the transportation company’s stock after purchasing an additional 492 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Canadian Pacific Kansas City were worth $1,834,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in CP. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth $27,000. Cornerstone Planning Group LLC grew its stake in shares of Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after purchasing an additional 256 shares during the period. Cheviot Value Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth $30,000. Hexagon Capital Partners LLC grew its stake in shares of Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after purchasing an additional 164 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth $35,000. 72.20% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on CP shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 8th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Stephens increased their price objective 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 Thursday, July 31st. Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Finally, Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.38.
Canadian Pacific Kansas City Price Performance
Canadian Pacific Kansas City stock opened at $76.61 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65. The stock has a market capitalization of $69.47 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.13 and a beta of 1.08. The firm’s 50-day moving average is $75.44 and its two-hundred day moving average is $76.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the business earned $1.05 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.
Canadian Pacific Kansas City Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s dividend payout ratio is 20.56%.
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.
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