Crestwood Advisors Group LLC Makes New $227,000 Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Crestwood Advisors Group LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 3rd quarter, Holdings Channel reports. The fund acquired 2,659 shares of the transportation company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CP. Grove Bank & Trust boosted its stake in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares during the last quarter. LRI Investments LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $32,000. Chris Bulman Inc acquired a new position in Canadian Pacific Kansas City during the second quarter worth approximately $35,000. Asset Dedication LLC purchased a new position in Canadian Pacific Kansas City during the third quarter worth approximately $38,000. Finally, ORG Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 1.1 %

Shares of CP opened at $78.49 on Thursday. Canadian Pacific Kansas City Limited has a one year low of $69.08 and a one year high of $91.58. The stock has a 50-day moving average price of $82.36 and a 200 day moving average price of $80.94. 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 company has a market capitalization of $73.26 billion, a P/E ratio of 28.03, a P/E/G ratio of 2.29 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is presently 19.64%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Sanford C. Bernstein cut their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Stephens decreased their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Barclays raised their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price objective for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. Eight equities research analysts have rated the stock with 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 price target of $94.15.

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.