Blue Capital Inc. Purchases New Shares in Canadian Pacific Kansas City Limited $CP

Blue Capital Inc. acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,075 shares of the transportation company’s stock, valued at approximately $640,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $27,000. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter valued at approximately $35,000. Chilton Capital Management LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter worth approximately $49,000. WPG Advisers LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $50,000. Finally, LRI Investments LLC raised its position in shares of 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 purchasing an additional 213 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CP. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Royal Bank Of Canada decreased their price objective on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Evercore ISI dropped their target price on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Susquehanna set a $87.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Citigroup decreased their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City Trading Down 0.2%

Canadian Pacific Kansas City stock opened at $75.11 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The firm’s 50-day moving average is $73.28 and its 200-day moving average is $76.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The company has a market cap of $67.39 billion, a P/E ratio of 22.90, a PEG ratio of 1.90 and a beta of 1.11.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data 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). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the company earned $0.99 EPS. On average, equities 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. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is currently 20.12%.

Canadian Pacific Kansas City Company Profile

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.