Signaturefd LLC Buys 1,228 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Signaturefd LLC grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,541 shares of the transportation company’s stock after acquiring an additional 1,228 shares during the period. Signaturefd LLC’s holdings in Canadian Pacific Kansas City were worth $1,843,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CP. Choate Investment Advisors boosted its stake in Canadian Pacific Kansas City by 24.2% in the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock valued at $6,349,000 after purchasing an additional 14,037 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the second quarter valued at about $11,810,000. Blue Zone Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City during the first quarter worth about $4,160,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Canadian Pacific Kansas City by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock worth $196,672,000 after purchasing an additional 13,727 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in Canadian Pacific Kansas City by 53.0% in the 1st quarter. Maryland State Retirement & Pension System now owns 49,072 shares of the transportation company’s stock valued at $4,100,000 after purchasing an additional 16,995 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $79.64 on Wednesday. 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 company has a market capitalization of $74.31 billion, a PE ratio of 25.53, a P/E/G ratio of 2.21 and a beta of 0.96. The firm has a fifty day simple moving average of $82.91 and a 200 day simple moving average of $81.52. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate 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 revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Evercore ISI lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Jefferies Financial Group decreased their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Barclays boosted their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Susquehanna increased their price objective on shares of Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $97.90.

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.