Bessemer Securities LLC Boosts Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Bessemer Securities LLC raised its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,445 shares of the transportation company’s stock after buying an additional 745 shares during the quarter. Bessemer Securities LLC’s holdings in Canadian Pacific Kansas City were worth $924,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CP. Wedbush Securities Inc. increased its stake in Canadian Pacific Kansas City by 2.4% in the first quarter. Wedbush Securities Inc. now owns 5,491 shares of the transportation company’s stock valued at $423,000 after purchasing an additional 128 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Canadian Pacific Kansas City by 4.4% in the 1st quarter. Arkadios Wealth Advisors now owns 3,148 shares of the transportation company’s stock valued at $242,000 after buying an additional 132 shares during the last quarter. Global Retirement Partners LLC raised its stake in Canadian Pacific Kansas City by 5.1% during the 2nd quarter. Global Retirement Partners LLC now owns 2,946 shares of the transportation company’s stock worth $238,000 after acquiring an additional 142 shares in the last quarter. Savant Capital LLC lifted its position in Canadian Pacific Kansas City by 0.6% in the first quarter. Savant Capital LLC now owns 26,472 shares of the transportation company’s stock valued at $2,037,000 after acquiring an additional 149 shares during the last quarter. Finally, Haverford Trust Co boosted its stake in Canadian Pacific Kansas City by 0.7% in the second quarter. Haverford Trust Co now owns 23,037 shares of the transportation company’s stock valued at $1,861,000 after acquiring an additional 150 shares in the last quarter. 67.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CP has been the topic of a number of research analyst reports. Stephens cut their target price on Canadian Pacific Kansas City from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. Bank of America reduced their price objective on Canadian Pacific Kansas City from $91.00 to $83.00 in a research note on Thursday, October 5th. Morgan Stanley began coverage on shares of Canadian Pacific Kansas City in a research report on Tuesday, September 5th. They set an “equal weight” rating and a $100.00 target price on the stock. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Susquehanna decreased their price target on shares of Canadian Pacific Kansas City from $93.00 to $90.00 and set a “positive” rating for the company in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $98.22.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $0.13 during midday trading on Monday, reaching $71.59. The company’s stock had a trading volume of 374,976 shares, compared to its average volume of 2,039,970. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 0.70. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $85.40. The firm has a market capitalization of $66.71 billion, a PE ratio of 21.54, a P/E/G ratio of 2.80 and a beta of 1.04. The stock’s 50 day simple moving average is $73.48 and its 200 day simple moving average is $77.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Canadian Pacific Kansas City had a net margin of 37.10% and a return on equity of 8.45%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 2.8 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be issued a $0.1384 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, December 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 16.52%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.