Pelham Capital Ltd. Purchases New Position in Canadian Pacific Kansas City Limited $CP

Pelham Capital Ltd. purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 124,766 shares of the transportation company’s stock, valued at approximately $9,890,000. Canadian Pacific Kansas City accounts for approximately 4.6% of Pelham Capital Ltd.’s holdings, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tanager Wealth Management LLP grew its holdings in shares of Canadian Pacific Kansas City by 5.5% during the 2nd quarter. Tanager Wealth Management LLP now owns 3,456 shares of the transportation company’s stock worth $274,000 after acquiring an additional 181 shares during the period. Gold Investment Management Ltd. grew its stake in Canadian Pacific Kansas City by 1.5% in the second quarter. Gold Investment Management Ltd. now owns 84,079 shares of the transportation company’s stock worth $6,719,000 after purchasing an additional 1,256 shares during the period. Hudson Value Partners LLC grew its stake in Canadian Pacific Kansas City by 13.4% in the second quarter. Hudson Value Partners LLC now owns 47,116 shares of the transportation company’s stock worth $3,736,000 after purchasing an additional 5,555 shares during the period. Ninety One North America Inc. grew its stake in Canadian Pacific Kansas City by 135.7% in the second quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock worth $16,394,000 after purchasing an additional 119,052 shares during the period. Finally, Ninety One UK Ltd grew its position in shares of Canadian Pacific Kansas City by 91.4% in the 2nd quarter. Ninety One UK Ltd now owns 987,813 shares of the transportation company’s stock worth $78,316,000 after buying an additional 471,593 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.4%

Shares of CP stock opened at $74.82 on Thursday. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $84.70. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $75.15 and its 200 day moving average is $76.32. The stock has a market capitalization of $67.85 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.09 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is 20.56%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CP shares. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Stephens upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Finally, Barclays increased their target price on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.88.

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.