Maryland State Retirement & Pension System Increases Position in Canadian Pacific Kansas City Limited $CP

Maryland State Retirement & Pension System raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,027 shares of the transportation company’s stock after purchasing an additional 529 shares during the period. Maryland State Retirement & Pension System’s holdings in Canadian Pacific Kansas City were worth $6,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. North Capital Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its position in shares of Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 256 shares during the last quarter. Cheviot Value Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $30,000. Hexagon Capital Partners LLC increased its position in shares of Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $35,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 0.1%

CP stock opened at $77.68 on Thursday. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The stock has a market capitalization of $70.45 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. The company has a fifty day moving average of $75.25 and a 200-day moving average of $76.44.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its 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 firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the business posted $1.05 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, October 2nd. Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a report on Thursday, September 25th. Stephens upped their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.85.

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.