Canadian Pacific Kansas City Limited $CP Shares Bought by Dilation Capital Management LP

Dilation Capital Management LP boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 33.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,164 shares of the transportation company’s stock after buying an additional 41,025 shares during the period. Canadian Pacific Kansas City makes up about 6.9% of Dilation Capital Management LP’s investment portfolio, making the stock its 3rd biggest position. Dilation Capital Management LP’s holdings in Canadian Pacific Kansas City were worth $12,934,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 38,223,823 shares of the transportation company’s stock valued at $3,036,558,000 after purchasing an additional 1,080,835 shares during the period. TD Asset Management Inc grew its stake in shares of Canadian Pacific Kansas City by 0.7% during the second quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock worth $1,665,106,000 after purchasing an additional 136,970 shares during the period. Causeway Capital Management LLC increased its holdings in Canadian Pacific Kansas City by 11.5% in the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock valued at $1,207,605,000 after purchasing an additional 1,778,984 shares during the last quarter. Invesco Ltd. lifted its stake in Canadian Pacific Kansas City by 59.5% in the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock valued at $1,192,471,000 after buying an additional 6,337,312 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Canadian Pacific Kansas City by 0.9% during the second quarter. Mackenzie Financial Corp now owns 16,498,767 shares of the transportation company’s stock worth $1,311,512,000 after buying an additional 150,963 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CP shares. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Friday. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a report on Monday, October 13th. National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Susquehanna set a $87.00 price target on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.69.

Canadian Pacific Kansas City Stock Performance

CP opened at $72.50 on Friday. The business’s 50-day moving average price is $73.44 and its two-hundred day moving average price is $76.54. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a market capitalization of $65.05 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 1.84 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the firm earned $0.99 EPS. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS 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, January 26th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.12%.

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.