Fayez Sarofim & Co Raises Stake in Canadian Pacific Kansas City Limited $CP

Fayez Sarofim & Co boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,822,202 shares of the transportation company’s stock after acquiring an additional 92,424 shares during the period. Fayez Sarofim & Co owned about 0.54% of Canadian Pacific Kansas City worth $363,807,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth $27,000. Caldwell Trust Co acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth $30,000. Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City in the third quarter valued at $36,000. Cornerstone Planning Group LLC increased its holdings in Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after buying an additional 335 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter valued at $35,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CP has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. National Bank Financial lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Citigroup decreased their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $81.33 on Monday. The company has a fifty day moving average of $79.02 and a two-hundred day moving average of $75.81. The company has a market capitalization of $73.03 billion, a PE ratio of 25.18, a P/E/G ratio of 1.72 and a beta of 1.05. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $89.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 EPS. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is 20.43%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.