Bradley Foster & Sargent Inc. CT Raises Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Bradley Foster & Sargent Inc. CT raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,504 shares of the transportation company’s stock after purchasing an additional 131 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Canadian Pacific Kansas City were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $32,000. Chris Bulman Inc purchased a new position in Canadian Pacific Kansas City in the second quarter worth $35,000. ORG Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the second quarter worth $39,000. Tobam purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at $51,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $61,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Up 1.0 %

Shares of CP opened at $86.89 on Friday. The company has a market capitalization of $81.07 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.45 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’s 50-day moving average price is $82.11 and its 200-day moving average price is $82.55. 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 released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a $0.1373 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.63%. Canadian Pacific Kansas City’s payout ratio is 17.31%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CP. Jefferies Financial Group reduced their target price 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. Susquehanna restated a “neutral” rating and set a $80.00 price objective on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Stifel Nicolaus lifted 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. Wells Fargo & Company started coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They set an “overweight” rating and a $90.00 price target on the stock. Finally, Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target 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.