Port Capital LLC Has $60.84 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Port Capital LLC raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 710,504 shares of the transportation company’s stock after purchasing an additional 7,610 shares during the quarter. Canadian Pacific Kansas City makes up 2.7% of Port Capital LLC’s holdings, making the stock its 16th biggest position. Port Capital LLC’s holdings in Canadian Pacific Kansas City were worth $60,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CP. S&CO Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 183.3% during the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after buying an additional 11,000 shares in the last quarter. Swiss National Bank boosted its holdings in Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after purchasing an additional 23,000 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $11,810,000. GSA Capital Partners LLP bought a new position in shares of Canadian Pacific Kansas City during the third quarter worth approximately $696,000. Finally, Cetera Investment Advisers raised its position in shares of Canadian Pacific Kansas City by 272.0% in the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after buying an additional 40,380 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $75.60 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a one year low of $72.22 and a one year high of $91.58. The business’s 50 day simple moving average is $78.86 and its 200 day simple moving average is $80.14. The stock has a market capitalization of $70.56 billion, a PE ratio of 27.00, a PEG ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.74%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.64%.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent research reports. Citigroup lowered their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Barclays upped 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 report on Wednesday, September 25th. Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price objective for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Evercore ISI upped their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.88.

About Canadian Pacific Kansas City

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.