DSM Capital Partners LLC Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

DSM Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 11,799 shares of the transportation company’s stock, valued at approximately $953,000.

Several other hedge funds have also recently bought and sold shares of CP. Cetera Investment Advisers increased its stake in shares of Canadian Pacific Kansas City by 3.4% in the first quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock valued at $1,389,000 after buying an additional 559 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 69.1% in the first quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock valued at $457,000 after buying an additional 2,263 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Canadian Pacific Kansas City by 2.4% in the first quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock valued at $2,496,807,000 after buying an additional 695,215 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Canadian Pacific Kansas City by 5.1% in the first quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after buying an additional 2,417 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Canadian Pacific Kansas City by 116.4% in the first quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock valued at $1,178,000 after buying an additional 7,678 shares in the last quarter. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.0 %

Shares of NYSE:CP traded down $0.03 during trading on Tuesday, hitting $71.47. 503,556 shares of the company were exchanged, compared to its average volume of 2,041,088. The stock has a market cap of $66.60 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 2.80 and a beta of 1.04. 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 fifty day moving average price of $73.36 and a two-hundred day moving average price of $77.45. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 2.8 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CP shares. Credit Suisse Group raised their price target on Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. BMO Capital Markets reduced their target price on Canadian Pacific Kansas City from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. Raymond James upgraded Canadian Pacific Kansas City from a “market perform” rating to an “outperform” rating in a report on Thursday, October 26th. Royal Bank of Canada reduced their target price on Canadian Pacific Kansas City from $133.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. Finally, Barclays reduced their target price on Canadian Pacific Kansas City from $89.00 to $84.00 in a report on Wednesday, October 4th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.22.

Canadian Pacific Kansas City Profile

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.