Soros Capital Management LLC Has $4.05 Million Holdings in Canadian Pacific Kansas City Limited $CP

Soros Capital Management LLC cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 21.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,091 shares of the transportation company’s stock after selling 14,250 shares during the quarter. Canadian Pacific Kansas City accounts for 1.2% of Soros Capital Management LLC’s portfolio, making the stock its 28th largest position. Soros Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $4,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $1,012,065,000. JPMorgan Chase & Co. grew its position in Canadian Pacific Kansas City by 87.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock worth $1,268,325,000 after purchasing an additional 7,454,810 shares in the last quarter. Fisher Asset Management LLC raised its stake in Canadian Pacific Kansas City by 281.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company’s stock valued at $430,540,000 after purchasing an additional 4,005,942 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 70.4% in the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company’s stock valued at $652,936,000 after purchasing an additional 3,842,866 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 31.3% in the second quarter. Franklin Resources Inc. now owns 11,611,625 shares of the transportation company’s stock valued at $921,881,000 after purchasing an additional 2,765,424 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Citigroup lowered 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 note on Monday, October 13th. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Finally, Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of Canadian Pacific Kansas City stock opened at $75.25 on Friday. The firm has a market cap of $67.52 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 1.89 and a beta of 1.11. The stock has a 50-day simple moving average of $73.33 and a 200-day simple moving average of $76.11. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65. 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 issued its quarterly earnings data 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). The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same period in the previous year, the business posted $0.99 EPS. On average, equities research analysts expect 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 firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is 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.