Cromwell Holdings LLC Increases Stock Holdings in Canadian Pacific Kansas City Limited $CP

Cromwell Holdings LLC increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 57.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,243 shares of the transportation company’s stock after purchasing an additional 822 shares during the period. Cromwell Holdings LLC’s holdings in Canadian Pacific Kansas City were worth $178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in Canadian Pacific Kansas City by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock valued at $74,807,000 after acquiring an additional 31,508 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 70.0% in the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock valued at $421,000 after acquiring an additional 2,467 shares during the last quarter. CX Institutional acquired a new position in Canadian Pacific Kansas City in the first quarter valued at $61,000. Janney Montgomery Scott LLC boosted its holdings in Canadian Pacific Kansas City by 28.8% in the first quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company’s stock valued at $7,106,000 after acquiring an additional 22,606 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Canadian Pacific Kansas City by 1.0% in the first quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company’s stock valued at $2,012,000 after acquiring an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.3%

NYSE:CP opened at $75.84 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The business’s 50-day simple moving average is $75.14 and its 200 day simple moving average is $76.32. The stock has a market cap of $68.78 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm posted $1.05 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a $0.1651 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CP. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday, September 25th. Stephens boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $91.80.

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.