Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Altshuler Shaham Ltd

Altshuler Shaham Ltd lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 150.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 22,500 shares of the transportation company’s stock after buying an additional 13,500 shares during the quarter. Altshuler Shaham Ltd’s holdings in Canadian Pacific Kansas City were worth $1,771,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. LRI Investments LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter worth $32,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at $35,000. ORG Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at about $39,000. Tobam acquired a new stake in Canadian Pacific Kansas City in the first quarter worth about $51,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter valued at about $61,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $85.86 on Monday. The firm’s 50 day moving average price is $82.16 and its 200 day moving average price is $82.49. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The firm has a market cap of $80.11 billion, a PE ratio of 27.52, a PEG ratio of 2.45 and a beta of 0.96. 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 issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the company posted $0.62 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis 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 17.31%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CP. Sanford C. Bernstein upped their price target on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Jefferies Financial Group lowered their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Barclays decreased their target price on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Susquehanna reiterated a “neutral” rating and issued a $80.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company started coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $96.36.

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.