MCF Advisors LLC Invests $511,000 in Canadian Pacific Kansas City Limited $CP

MCF Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,921 shares of the transportation company’s stock, valued at approximately $511,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 1.3% during the third quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock worth $2,884,826,000 after buying an additional 510,633 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Canadian Pacific Kansas City by 18.3% during the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after buying an additional 3,585,030 shares during the last quarter. Norges Bank acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $978,558,000. Geode Capital Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after buying an additional 461,724 shares during the last quarter. Finally, Cibc World Market Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 21.9% during the fourth quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock worth $620,925,000 after buying an additional 1,517,323 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Sanford C. Bernstein upped their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. ATB Cormark Capital Markets lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Citigroup upped their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, Royal Bank Of Canada cut their target price on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $98.63.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $90.07 on Friday. The business has a fifty day simple moving average of $84.36 and a 200 day simple moving average of $79.48. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $79.91 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 1.92 and a beta of 1.09. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $91.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the company earned $1.06 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.