Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,017 shares of the transportation company’s stock after buying an additional 2,366 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Canadian Pacific Kansas City were worth $2,285,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CP. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter valued at about $32,000. Chris Bulman Inc acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth $35,000. ORG Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $39,000. Tobam purchased a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $51,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth $61,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price objective on the stock. Stifel Nicolaus raised their price objective 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. Barclays reduced their target price on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Jefferies Financial Group dropped 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, Susquehanna reiterated a “neutral” rating and issued a $80.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $96.36.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $85.89 on Friday. The stock has a market capitalization of $80.14 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.45 and a beta of 0.96. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company’s 50-day simple moving average is $82.16 and its 200-day simple moving average is $82.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. The company had revenue of $3.60 billion for 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%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.1 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a dividend of $0.1373 per share. This represents a $0.55 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

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.