Harbour Investments Inc. Boosts Stock Holdings in Canadian Pacific Kansas City Limited $CP

Harbour Investments Inc. boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 139.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,212 shares of the transportation company’s stock after purchasing an additional 1,288 shares during the period. Harbour Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $175,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CP. 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 purchasing an additional 6,337,312 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Canadian Pacific Kansas City by 70.4% during the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company’s stock worth $652,936,000 after acquiring an additional 3,842,866 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $126,928,000. Causeway Capital Management LLC lifted its position in shares of Canadian Pacific Kansas City by 11.5% during the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock worth $1,207,605,000 after acquiring an additional 1,778,984 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Canadian Pacific Kansas City by 44.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company’s stock worth $351,723,000 after acquiring an additional 1,516,684 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $76.51 on Thursday. The company has a market capitalization of $69.38 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $75.51 and a 200 day moving average of $76.76. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. Canadian Pacific Kansas City’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a $0.1651 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup dropped their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 8th. One research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.38.

Canadian Pacific Kansas City Company 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.