SkyView Investment Advisors LLC Has $260,000 Stake in Canadian Pacific Kansas City Limited $CP

SkyView Investment Advisors LLC decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 93.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,000 shares of the transportation company’s stock after selling 41,678 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CP. Invesco Ltd. lifted its position in Canadian Pacific Kansas City by 1.3% during the 4th quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock worth $1,725,294,000 after buying an additional 303,464 shares in the last quarter. Norges Bank acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $978,558,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Canadian Pacific Kansas City in the second quarter worth about $802,983,000. Geode Capital Management LLC raised its stake in shares of Canadian Pacific Kansas City by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after acquiring an additional 461,724 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in shares of Canadian Pacific Kansas City by 21.9% during the fourth quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock worth $620,925,000 after purchasing an additional 1,517,323 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

CP has been the topic of several research analyst reports. Citizens Jmp started coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Susquehanna upped their price objective on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. Citigroup lifted their target price on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Stock Up 0.7%

Shares of NYSE CP opened at $89.88 on Tuesday. The firm has a market capitalization of $78.95 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.86 and a beta of 1.12. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90. The firm’s 50-day moving average is $91.75 and its 200-day moving average is $87.25.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. Canadian Pacific Kansas City’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 EPS. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a $0.268 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 24.76%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.