Templeton & Phillips Capital Management LLC Purchases Shares of 14,330 Canadian Pacific Kansas City Limited $CP

Templeton & Phillips Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,330 shares of the transportation company’s stock, valued at approximately $1,136,000. Canadian Pacific Kansas City comprises approximately 0.8% of Templeton & Phillips Capital Management LLC’s investment portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CP. Vontobel Holding Ltd. grew its holdings in Canadian Pacific Kansas City by 102.1% during the first quarter. Vontobel Holding Ltd. now owns 11,260 shares of the transportation company’s stock valued at $791,000 after purchasing an additional 5,688 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in Canadian Pacific Kansas City by 737.5% during the first quarter. DAVENPORT & Co LLC now owns 44,813 shares of the transportation company’s stock valued at $3,144,000 after purchasing an additional 39,462 shares during the last quarter. Phraction Management LLC grew its holdings in Canadian Pacific Kansas City by 18.0% during the first quarter. Phraction Management LLC now owns 15,706 shares of the transportation company’s stock valued at $1,103,000 after purchasing an additional 2,400 shares during the last quarter. Pictet North America Advisors SA grew its holdings in Canadian Pacific Kansas City by 88.4% during the first quarter. Pictet North America Advisors SA now owns 349,537 shares of the transportation company’s stock valued at $24,527,000 after purchasing an additional 164,010 shares during the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE grew its holdings in Canadian Pacific Kansas City by 1.6% during the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 98,447 shares of the transportation company’s stock valued at $6,912,000 after purchasing an additional 1,550 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the subject of several research reports. Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, October 2nd. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Finally, Susquehanna reduced their price objective on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Canadian Pacific Kansas City Stock Down 1.9%

Shares of CP stock opened at $72.94 on Thursday. The stock has a market cap of $66.15 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The stock has a fifty day moving average price of $75.56 and a 200 day moving average price of $76.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.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 business 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 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.