Canadian Pacific Kansas City Limited (NYSE:CP) Stock Position Lifted by Blue Barn Wealth LLC

Blue Barn Wealth LLC lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,280 shares of the transportation company’s stock after purchasing an additional 281 shares during the quarter. Blue Barn Wealth LLC’s holdings in Canadian Pacific Kansas City were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CP. JARISLOWSKY FRASER Ltd boosted its stake in Canadian Pacific Kansas City by 63.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock worth $7,127,000 after purchasing an additional 34,856 shares during the period. Meritage Group LP acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $207,850,000. The Manufacturers Life Insurance Company lifted its position in shares of Canadian Pacific Kansas City by 4.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock worth $948,585,000 after purchasing an additional 507,177 shares in the last quarter. Choate Investment Advisors boosted its holdings in shares of Canadian Pacific Kansas City by 24.2% during the first quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock worth $6,349,000 after purchasing an additional 14,037 shares during the period. Finally, Sei Investments Co. grew its position in Canadian Pacific Kansas City by 1.9% during the fourth quarter. Sei Investments Co. now owns 667,246 shares of the transportation company’s stock valued at $52,752,000 after purchasing an additional 12,323 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CP shares. Jefferies Financial Group decreased their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Barclays lowered their target price on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Susquehanna reiterated a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $96.36.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $83.41 on Friday. The business has a 50 day simple moving average of $80.95 and a 200 day simple moving average of $82.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The company has a market capitalization of $77.83 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.09 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Canadian Pacific Kansas City 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.