Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Addison Advisors LLC

Addison Advisors LLC grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 246.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 392 shares of the transportation company’s stock after buying an additional 279 shares during the quarter. Addison Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Delta Investment Management LLC grew its holdings in Canadian Pacific Kansas City by 3.2% during the 1st quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock worth $363,000 after acquiring an additional 126 shares in the last quarter. Grove Bank & Trust boosted its holdings in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. Tower View Wealth Management LLC increased its stake in Canadian Pacific Kansas City by 0.3% in the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after purchasing an additional 130 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in Canadian Pacific Kansas City by 3.0% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock worth $355,000 after purchasing an additional 131 shares in the last quarter. Finally, Trust Co. of Vermont boosted its holdings in shares of Canadian Pacific Kansas City by 4.7% in the 3rd quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock valued at $260,000 after buying an additional 135 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of 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. Canadian Pacific Kansas City Limited has a 52-week low of $69.08 and a 52-week high of $91.58. The company has a 50-day simple moving average of $82.18 and a 200-day simple moving average of $80.80. The company 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 (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared 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 of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.64%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CP shares. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Bank of America cut their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Stephens decreased their price objective 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. Sanford C. Bernstein cut their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Finally, Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and reduced their price target for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.15.

Canadian Pacific Kansas City Company 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.