Vise Technologies Inc. Takes $1.17 Million Position in Canadian Pacific Kansas City Limited $CP

Vise Technologies Inc. acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 14,778 shares of the transportation company’s stock, valued at approximately $1,171,000.

Several other institutional investors have also bought and sold shares of the company. Cheviot Value Management LLC bought a new stake in Canadian Pacific Kansas City during the first quarter valued at approximately $30,000. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter worth $35,000. Chilton Capital Management LLC purchased a new stake in Canadian Pacific Kansas City in the second quarter worth about $49,000. WPG Advisers LLC bought a new position in shares of Canadian Pacific Kansas City during the first quarter valued at $50,000. Finally, LRI Investments LLC lifted its position in Canadian Pacific Kansas City by 42.1% in the 2nd quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 213 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 stock traded down $0.77 during midday trading on Thursday, reaching $71.66. 79,514 shares of the company were exchanged, compared to its average volume of 3,142,203. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The company’s 50 day moving average price is $74.65 and its two-hundred day moving average price is $76.82. The company has a market cap of $64.53 billion, a P/E ratio of 21.82, a PEG ratio of 2.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

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). The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same quarter last year, the firm posted $0.99 earnings per share. On average, sell-side 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 business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a $0.228 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is 19.51%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Stephens raised their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada dropped their price objective on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.69.

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.