Coombe Bender & Co LLC Makes New $3.79 Million Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Coombe Bender & Co LLC purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, Holdings Channel reports. The fund purchased 47,968 shares of the transportation company’s stock, valued at approximately $3,792,000. Canadian Pacific Kansas City makes up about 2.4% of Coombe Bender & Co LLC’s investment portfolio, making the stock its 17th biggest holding.

Other large investors have also made changes to their positions in the company. Legal & General Group Plc purchased a new position in Canadian Pacific Kansas City in the third quarter valued at $481,016,000. Sustainable Growth Advisers LP raised its holdings in shares of Canadian Pacific Kansas City by 151.4% during the 3rd quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock worth $583,917,000 after acquiring an additional 4,726,098 shares during the period. Causeway Capital Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $305,505,000. Toronto Dominion Bank grew its position in Canadian Pacific Kansas City by 1,122.4% in the third quarter. Toronto Dominion Bank now owns 3,398,403 shares of the transportation company’s stock worth $252,875,000 after acquiring an additional 3,120,385 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd increased its position in shares of Canadian Pacific Kansas City by 100.5% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 4,766,995 shares of the transportation company’s stock worth $354,712,000 after purchasing an additional 2,390,030 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CP has been the topic of several research reports. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Evercore ISI lowered their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Evercore reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Price Performance

NYSE:CP traded up $1.48 during trading hours on Thursday, hitting $79.05. The stock had a trading volume of 675,662 shares, compared to its average volume of 2,124,603. The company has a 50 day simple moving average of $86.66 and a two-hundred day simple moving average of $79.99. The firm has a market capitalization of $73.72 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 2.22 and a beta of 0.96. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a $0.141 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

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.