Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 80.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,911 shares of the transportation company’s stock after buying an additional 3,074 shares during the quarter. NEOS Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA boosted its holdings in Canadian Pacific Kansas City by 0.7% in the third quarter. Glenmede Trust Co. NA now owns 40,218 shares of the transportation company’s stock valued at $3,440,000 after purchasing an additional 262 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Canadian Pacific Kansas City by 4,194,400.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,945 shares of the transportation company’s stock valued at $3,587,000 after purchasing an additional 41,944 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Canadian Pacific Kansas City by 5.5% in the 3rd quarter. Captrust Financial Advisors now owns 54,109 shares of the transportation company’s stock valued at $4,629,000 after buying an additional 2,838 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth about $210,000. Finally, Maverick Capital Ltd. purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter worth approximately $1,109,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CP. Wells Fargo & Company decreased their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Susquehanna decreased their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a report on Thursday. Finally, Royal Bank of Canada increased their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $94.95.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $69.31 on Monday. The firm has a market cap of $64.72 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. 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 1-year low of $69.25 and a 1-year high of $89.26. The firm’s fifty day moving average price is $76.45 and its 200 day moving average price is $77.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.76%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

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.