Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Raised by IHT Wealth Management LLC

IHT Wealth Management LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,754 shares of the transportation company’s stock after buying an additional 1,755 shares during the period. IHT Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. S&CO Inc. increased its holdings in Canadian Pacific Kansas City by 183.3% in the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after buying an additional 11,000 shares during the last quarter. Swiss National Bank increased its stake in shares of Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after purchasing an additional 23,000 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $11,810,000. GSA Capital Partners LLP acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $696,000. Finally, Cetera Investment Advisers boosted its holdings in Canadian Pacific Kansas City by 272.0% in the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock worth $4,874,000 after purchasing an additional 40,380 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 0.0 %

Shares of Canadian Pacific Kansas City stock opened at $76.36 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $72.22 and a 52-week high of $91.58. The firm has a market capitalization of $71.27 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 2.24 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company’s fifty day moving average price is $78.50 and its two-hundred day moving average price is $80.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its 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). The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate 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 revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.00%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CP. Barclays raised their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Evercore ISI boosted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Sanford C. Bernstein lowered their price target on 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. Bank of America reduced their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.88.

About Canadian Pacific Kansas City

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.