Creative Planning Boosts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Creative Planning grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,058 shares of the transportation company’s stock after purchasing an additional 12,558 shares during the period. Creative Planning’s holdings in Canadian Pacific Kansas City were worth $12,237,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Mirova US LLC purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at about $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock valued at $165,419,000 after acquiring an additional 1,678,784 shares during the last quarter. Cantillon Capital Management LLC lifted its holdings in Canadian Pacific Kansas City by 49.1% during the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company’s stock worth $314,563,000 after acquiring an additional 1,174,200 shares during the period. Wulff Hansen & CO. boosted its position in Canadian Pacific Kansas City by 8,261.4% in the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after purchasing an additional 932,216 shares during the last quarter. Finally, AGF Management Ltd. boosted its position in Canadian Pacific Kansas City by 86.5% in the second quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after purchasing an additional 735,816 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Trading Down 1.6 %

Shares of CP stock opened at $78.77 on Tuesday. The company has a market capitalization of $73.50 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.21 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 business’s fifty day moving average is $82.86 and its 200 day moving average is $81.58. 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 released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share 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 for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter last year, the firm posted $0.62 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 EPS 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. Shareholders of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.31%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CP. Sanford C. Bernstein lowered their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Barclays raised their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Citigroup initiated coverage on Canadian Pacific Kansas City in a research note on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.90.

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.