Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by 11 Capital Partners LP

11 Capital Partners LP grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,292 shares of the transportation company’s stock after buying an additional 33,214 shares during the quarter. Canadian Pacific Kansas City accounts for about 6.4% of 11 Capital Partners LP’s portfolio, making the stock its 8th largest holding. 11 Capital Partners LP’s holdings in Canadian Pacific Kansas City were worth $16,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LRI Investments LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $32,000. Chris Bulman Inc acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $35,000. ORG Partners LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $39,000. Tobam acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth approximately $51,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $61,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CP. Wells Fargo & Company began 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 price objective for the company. Jefferies Financial Group lowered 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. Sanford C. Bernstein boosted their target price on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday, July 8th. 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. Finally, Stifel Nicolaus boosted 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 report on Wednesday, July 17th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $96.36.

Canadian Pacific Kansas City Stock Down 1.2 %

Canadian Pacific Kansas City stock opened at $85.89 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average is $82.16 and its 200 day moving average is $82.55. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a market capitalization of $80.14 billion, a PE ratio of 27.53, a PEG ratio of 2.45 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders 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 annualized dividend and a dividend yield of 0.64%. Canadian Pacific Kansas City’s dividend 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.