2,897 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Purchased by MQS Management LLC

MQS Management LLC bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,897 shares of the transportation company’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Seven Eight Capital LP acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth $1,606,000. Blair William & Co. IL raised its position in Canadian Pacific Kansas City by 2.0% during the second quarter. Blair William & Co. IL now owns 94,239 shares of the transportation company’s stock worth $7,419,000 after acquiring an additional 1,855 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 8.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,017 shares of the transportation company’s stock valued at $2,285,000 after purchasing an additional 2,366 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Canadian Pacific Kansas City by 18.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 23,532 shares of the transportation company’s stock worth $1,869,000 after purchasing an additional 3,612 shares in the last quarter. Finally, Argent Trust Co raised its position in shares of Canadian Pacific Kansas City by 3.0% during the 2nd quarter. Argent Trust Co now owns 11,431 shares of the transportation company’s stock worth $900,000 after purchasing an additional 328 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CP shares. Sanford C. Bernstein raised their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Stifel Nicolaus boosted their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Barclays decreased 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 note on Tuesday, July 16th. Jefferies Financial Group cut their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company initiated coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 target price on the stock. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.36.

Canadian Pacific Kansas City Trading Down 1.2 %

Shares of CP stock opened at $85.86 on Friday. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The firm’s 50 day moving average price is $82.16 and its two-hundred day moving average price is $82.53. The stock has a market cap of $80.11 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 2.45 and a beta of 0.96. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the firm earned $0.62 EPS. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.64%. Canadian Pacific Kansas City’s payout ratio is currently 17.31%.

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.