Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,344 shares of the transportation company’s stock after buying an additional 1,632 shares during the period. Harvest Portfolios Group Inc.’s holdings in Canadian Pacific Kansas City were worth $1,312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CP. Grove Bank & Trust lifted its stake in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the period. LRI Investments LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter worth $32,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at $35,000. Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth $38,000. Finally, ORG Partners LLC purchased a new position in Canadian Pacific Kansas City in the 2nd quarter worth about $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $78.49 on Thursday. The business has a fifty day moving average price of $82.36 and a 200-day moving average price of $80.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 1-year low of $69.08 and a 1-year high of $91.58. The company has a market capitalization of $73.26 billion, a PE ratio of 28.03, a PEG ratio of 2.29 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.71%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is presently 19.64%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Citigroup boosted their target price on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Barclays raised their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.15.

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.