Canadian Pacific Kansas City Limited $CP Stock Holdings Lifted by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. raised its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,494,133 shares of the transportation company’s stock after purchasing an additional 155,640 shares during the period. Canadian Pacific Kansas City accounts for about 3.2% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Cardinal Capital Management Inc.’s holdings in Canadian Pacific Kansas City were worth $111,349,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CP. GAMMA Investing LLC increased its holdings in Canadian Pacific Kansas City by 38.9% in the third quarter. GAMMA Investing LLC now owns 3,112 shares of the transportation company’s stock worth $232,000 after buying an additional 872 shares during the last quarter. Park National Corp OH grew its position in Canadian Pacific Kansas City by 12.7% in the third quarter. Park National Corp OH now owns 7,819 shares of the transportation company’s stock worth $582,000 after acquiring an additional 881 shares in the last quarter. Osaic Holdings Inc. grew its position in Canadian Pacific Kansas City by 11.9% in the second quarter. Osaic Holdings Inc. now owns 32,318 shares of the transportation company’s stock worth $2,560,000 after acquiring an additional 3,431 shares in the last quarter. American Trust acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth $214,000. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of Canadian Pacific Kansas City by 0.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 142,597 shares of the transportation company’s stock valued at $11,304,000 after purchasing an additional 636 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 1.0%

Shares of CP stock opened at $74.43 on Tuesday. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. 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 stock has a fifty day moving average price of $73.22 and a 200 day moving average price of $75.96. The stock has a market cap of $66.78 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.11.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.12%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CP shares. National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Susquehanna set a $87.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $91.69.

Canadian Pacific Kansas City 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.