2,464,528 Shares in Canadian Pacific Kansas City Limited $CP Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,464,528 shares of the transportation company’s stock, valued at approximately $194,999,000. Canadian Pacific Kansas City makes up about 2.0% of Picton Mahoney Asset Management’s portfolio, making the stock its 5th largest holding.

Several other large investors also recently bought and sold shares of CP. Global Retirement Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth approximately $208,000. Prudential Financial Inc. lifted its stake in Canadian Pacific Kansas City by 8.7% during the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after purchasing an additional 415 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in Canadian Pacific Kansas City by 22.9% during the second quarter. Coldstream Capital Management Inc. now owns 12,736 shares of the transportation company’s stock worth $1,010,000 after purchasing an additional 2,370 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Canadian Pacific Kansas City by 4.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,275,714 shares of the transportation company’s stock worth $180,434,000 after acquiring an additional 90,519 shares during the period. Finally, Bowen Hanes & Co. Inc. lifted its position in Canadian Pacific Kansas City by 17.7% in the second quarter. Bowen Hanes & Co. Inc. now owns 40,612 shares of the transportation company’s stock valued at $3,219,000 after purchasing an additional 6,095 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $69.93 on Monday. The firm’s fifty day moving average price is $73.85 and its 200 day moving average price is $76.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The company has a market capitalization of $62.74 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the company posted $0.99 EPS. On average, research 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 business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is presently 20.12%.

Analyst Ratings Changes

Several brokerages have recently commented on CP. Citigroup lowered their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Royal Bank Of Canada cut their price objective on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Stephens increased their target price 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 Thursday, July 31st. Finally, Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.