Canadian Pacific Kansas City Limited $CP Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,826,993 shares of the transportation company’s stock after acquiring an additional 170,800 shares during the quarter. Swiss National Bank’s holdings in Canadian Pacific Kansas City were worth $223,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cheviot Value Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter worth approximately $30,000. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Chilton Capital Management LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth $49,000. WPG Advisers LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth $50,000. Finally, LRI Investments LLC grew its position in Canadian Pacific Kansas City by 42.1% during the 2nd quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock worth $57,000 after purchasing an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $69.93 on Friday. The stock has a fifty day moving average price of $73.85 and a 200 day moving average price of $76.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The stock has a market cap of $62.74 billion, a PE ratio of 21.32, a P/E/G ratio of 1.61 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the business posted $0.99 earnings per share. Sell-side analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be given a dividend of $0.228 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is presently 19.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CP. Citigroup reduced their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Stephens upped their price target 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. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.69.

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.