Sone Capital Management LLC Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Sone Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 93,168 shares of the transportation company’s stock, valued at approximately $6,745,000.

Several other institutional investors also recently modified their holdings of CP. Proficio Capital Partners LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth about $2,602,000. Oak Family Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $262,000. Barclays PLC grew its stake in shares of Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after purchasing an additional 81,111 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $249,000. Finally, Phraction Management LLC lifted its position in shares of Canadian Pacific Kansas City by 53.6% during the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company’s stock worth $963,000 after buying an additional 4,641 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

CP has been the topic of a number of analyst reports. Barclays lowered their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Susquehanna increased their target price on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a “positive” rating in a research report on Thursday, May 1st. Citigroup cut their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.63.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $81.59 on Monday. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $73.33 and its 200-day moving average is $75.12. The firm has a market capitalization of $75.92 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the company posted $0.93 EPS. Canadian Pacific Kansas City’s revenue was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s payout ratio is presently 21.28%.

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.