Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 5.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,688,088 shares of the transportation company’s stock after acquiring an additional 283,869 shares during the quarter. Canadian Pacific Kansas City comprises 1.5% of William Blair Investment Management LLC’s portfolio, making the stock its 7th biggest position. William Blair Investment Management LLC owned about 0.61% of Canadian Pacific Kansas City worth $459,427,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CP. Stonebridge Capital Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 750.0% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after buying an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at approximately $29,000. Motco acquired a new stake in Canadian Pacific Kansas City during the 1st quarter valued at approximately $32,000. McIlrath & Eck LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at approximately $32,000. Finally, Sittner & Nelson LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter valued at approximately $38,000. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded down $0.17 during mid-day trading on Monday, reaching $71.55. The company had a trading volume of 1,060,443 shares, compared to its average volume of 2,043,341. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. The stock has a market cap of $66.67 billion, a PE ratio of 21.40, a P/E/G ratio of 2.80 and a beta of 1.04. The company has a 50-day moving average price of $73.48 and a two-hundred day moving average price of $77.50. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $85.40.

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

Canadian Pacific Kansas City Cuts Dividend

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

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their price objective on Canadian Pacific Kansas City from $133.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Raymond James upgraded Canadian Pacific Kansas City from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 26th. Stephens decreased their target price on Canadian Pacific Kansas City from $79.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Barclays decreased their target price on Canadian Pacific Kansas City from $89.00 to $84.00 in a research report on Wednesday, October 4th. Finally, Morgan Stanley started coverage on Canadian Pacific Kansas City in a research report on Tuesday, September 5th. They issued an “equal weight” rating and a $100.00 target price for the company. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.22.

Check Out Our Latest Stock Analysis on CP

Canadian Pacific Kansas City Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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