1,055 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Purchased by Ridgewood Investments LLC

Ridgewood Investments LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,055 shares of the transportation company’s stock, valued at approximately $83,000.

Other hedge funds have also made changes to their positions in the company. JARISLOWSKY FRASER Ltd increased its position in shares of Canadian Pacific Kansas City by 63.6% during the fourth 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 in the last quarter. Meritage Group LP acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $207,850,000. The Manufacturers Life Insurance Company lifted its stake 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 buying an additional 507,177 shares in the last quarter. Choate Investment Advisors boosted its position in 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 acquiring an additional 14,037 shares during the last quarter. Finally, Sei Investments Co. boosted 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 worth $52,752,000 after acquiring an additional 12,323 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.3 %

Shares of CP traded down $0.25 during midday trading on Thursday, hitting $82.32. 891,110 shares of the stock were exchanged, compared to its average volume of 2,106,537. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.43 and a current ratio of 0.51. The firm has a market cap of $76.81 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.27 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The stock has a fifty day simple moving average of $80.46 and a 200 day simple moving average of $82.60.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. Canadian Pacific Kansas City’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.11 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a dividend of $0.1373 per share. This represents a $0.55 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.31%.

Analysts Set New Price Targets

A number of research firms have weighed in on CP. Stifel Nicolaus raised their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Susquehanna reissued a “neutral” rating and set a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Jefferies Financial Group cut their target price on 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. Finally, Barclays lowered their price target on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $96.56.

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.