Fisher Asset Management LLC Buys 124,798 Shares of Canadian Pacific Kansas City Limited $CP

Fisher Asset Management LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,556,114 shares of the transportation company’s stock after acquiring an additional 124,798 shares during the period. Fisher Asset Management LLC owned about 0.62% of Canadian Pacific Kansas City worth $413,875,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CP. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at about $27,000. Caldwell Trust Co purchased a new position in Canadian Pacific Kansas City during the third quarter worth about $30,000. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the 1st quarter worth about $35,000. Cornerstone Planning Group LLC grew its position in Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares in the last quarter. Finally, SJS Investment Consulting Inc. purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $39,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. National Bank Financial downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Evercore lowered their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $87.48 on Monday. The company has a market capitalization of $78.55 billion, a P/E ratio of 27.08, a P/E/G ratio of 1.87 and a beta of 1.05. The business has a fifty day simple moving average of $76.98 and a two-hundred day simple moving average of $75.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $88.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the company earned $1.29 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.0%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.43%.

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.