Canadian Pacific Kansas City Limited $CP Shares Acquired by Valley National Advisers Inc.

Valley National Advisers Inc. lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 42.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,930 shares of the transportation company’s stock after purchasing an additional 872 shares during the period. Valley National Advisers Inc.’s holdings in Canadian Pacific Kansas City were worth $231,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in shares of Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 256 shares in the last quarter. North Capital Inc. purchased a new stake in Canadian Pacific Kansas City during the 1st quarter worth about $27,000. Cheviot Value Management LLC acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at about $30,000. Hexagon Capital Partners LLC boosted its stake in shares of Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after buying an additional 164 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $35,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CP. Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Saturday, September 27th. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Citigroup raised their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.80.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $77.39 on Tuesday. The stock’s 50-day moving average is $75.19 and its two-hundred day moving average is $76.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The firm has a market cap of $70.18 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.18 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. Analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is currently 20.56%.

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.