Waverton Investment Management Ltd Takes $424,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Waverton Investment Management Ltd acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,953 shares of the transportation company’s stock, valued at approximately $424,000.

A number of other institutional investors also recently modified their holdings of CP. Encompass Capital Advisors LLC bought a new position in Canadian Pacific Kansas City during the second quarter worth $11,810,000. Cetera Investment Advisers raised its holdings in Canadian Pacific Kansas City by 272.0% during the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock worth $4,874,000 after buying an additional 40,380 shares during the last quarter. Magnetar Financial LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth $2,629,000. Raymond James & Associates raised its holdings in Canadian Pacific Kansas City by 1.5% during the second quarter. Raymond James & Associates now owns 778,881 shares of the transportation company’s stock worth $61,321,000 after buying an additional 11,416 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after buying an additional 1,678,784 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on CP shares. Jefferies Financial Group lowered their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Barclays upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Sanford C. Bernstein lowered their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Finally, Evercore ISI increased their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $77.39 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $72.23 billion, a PE ratio of 27.64, a P/E/G ratio of 2.30 and a beta of 0.98. Canadian Pacific Kansas City Limited has a twelve month low of $69.08 and a twelve month high of $91.58. The company has a 50-day moving average price of $82.18 and a two-hundred day moving average price of $80.80.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the business posted $0.69 earnings per share. Canadian Pacific Kansas City’s revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed 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. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 19.64%.

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.