Templeton & Phillips Capital Management LLC Has $2.14 Million Holdings in Canadian Pacific Kansas City Limited $CP

Templeton & Phillips Capital Management LLC grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 100.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 28,660 shares of the transportation company’s stock after acquiring an additional 14,330 shares during the period. Canadian Pacific Kansas City accounts for approximately 1.5% of Templeton & Phillips Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Templeton & Phillips Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $2,135,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CP. Twin Peaks Wealth Advisors LLC acquired a new position in Canadian Pacific Kansas City in the 2nd quarter worth about $27,000. Caldwell Trust Co acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth approximately $30,000. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City during the first quarter valued at $35,000. Cornerstone Planning Group LLC raised its stake in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 335 shares during the last quarter. Finally, SJS Investment Consulting Inc. acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $83.63 on Friday. The stock has a market capitalization of $75.07 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.78 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $85.15. 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 stock’s 50 day moving average price is $74.57 and its two-hundred day moving average price is $74.33.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Wall Street Analyst Weigh In

CP has been the topic of several recent research reports. Citigroup cut their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a research note on Thursday, January 29th. Evercore decreased their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Natl Bk Canada lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

About Canadian Pacific Kansas City

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.