Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Ycg LLC

Ycg LLC boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 383,591 shares of the transportation company’s stock after buying an additional 9,409 shares during the period. Canadian Pacific Kansas City makes up about 2.5% of Ycg LLC’s investment portfolio, making the stock its 19th largest position. Ycg LLC’s holdings in Canadian Pacific Kansas City were worth $30,200,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CP. Accretive Wealth Partners LLC raised its holdings in shares of Canadian Pacific Kansas City by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after buying an additional 145 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in Canadian Pacific Kansas City by 45.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,325 shares of the transportation company’s stock valued at $185,000 after purchasing an additional 726 shares in the last quarter. Lincoln National Corp increased its stake in Canadian Pacific Kansas City by 2.7% during the 4th quarter. Lincoln National Corp now owns 7,674 shares of the transportation company’s stock worth $607,000 after buying an additional 204 shares during the period. Montag A & Associates Inc. boosted its position in Canadian Pacific Kansas City by 20.8% in the 4th quarter. Montag A & Associates Inc. now owns 4,359 shares of the transportation company’s stock valued at $345,000 after buying an additional 750 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $346,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $0.65 during trading hours on Friday, hitting $82.85. 1,406,859 shares of the company traded hands, compared to its average volume of 2,093,586. The firm’s 50-day simple moving average is $81.03 and its two-hundred day simple moving average is $82.52. The firm has a market cap of $77.30 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.36 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. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 earnings per share. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.09 earnings per share 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. Investors of record on Friday, September 27th will be issued a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CP. Susquehanna restated a “neutral” rating and set a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Stifel Nicolaus upped their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 target price on the stock. Barclays cut their price objective on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.36.

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.