Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Narwhal Capital Management

Narwhal Capital Management increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 94,357 shares of the transportation company’s stock after acquiring an additional 21,537 shares during the quarter. Narwhal Capital Management’s holdings in Canadian Pacific Kansas City were worth $8,071,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Grove Bank & Trust raised its position in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. LRI Investments LLC bought a new position in Canadian Pacific Kansas City during the 1st quarter valued at $32,000. Chris Bulman Inc acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth $35,000. Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $38,000. Finally, ORG Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup initiated coverage on Canadian Pacific Kansas City in a report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price objective for the company. Susquehanna boosted their target price on shares of Canadian Pacific Kansas City from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Barclays raised their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $97.90.

Canadian Pacific Kansas City Trading Up 1.1 %

NYSE:CP opened at $79.64 on Wednesday. The stock has a fifty day simple moving average of $82.91 and a 200 day simple moving average of $81.52. 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 has a market capitalization of $74.31 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 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 analyst estimates of $3.58 billion. During the same quarter last year, the business posted $0.62 EPS. The company’s revenue was up 13.5% on a year-over-year basis. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a $0.1373 dividend. This represents a $0.55 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

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.