Ycg LLC Purchases 11,141 Shares of Canadian Pacific Kansas City Limited $CP

Ycg LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 387,344 shares of the transportation company’s stock after acquiring an additional 11,141 shares during the period. Canadian Pacific Kansas City comprises about 2.2% of Ycg LLC’s portfolio, making the stock its 20th largest position. Ycg LLC’s holdings in Canadian Pacific Kansas City were worth $28,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CP. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at about $27,000. Caldwell Trust Co bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $30,000. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter valued at $35,000. SJS Investment Consulting Inc. acquired a new position in Canadian Pacific Kansas City during the third quarter worth $39,000. Finally, Quent Capital LLC bought a new stake in Canadian Pacific Kansas City during the third quarter worth $46,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

CP opened at $72.58 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The business has a fifty day simple moving average of $72.68 and a 200 day simple moving average of $74.80. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a market capitalization of $65.15 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the business earned $0.99 EPS. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.12%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Jefferies Financial Group set a $90.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Citigroup set a $88.00 price target on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Thursday, January 8th. Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.36.

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.