Soros Fund Management LLC Buys Shares of 164,431 Canadian Pacific Kansas City Limited (NYSE:CP)

Soros Fund Management LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 164,431 shares of the transportation company's stock, valued at approximately $14,065,000.

Several other hedge funds have also bought and sold shares of CP. Grove Bank & Trust raised its holdings in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after buying an additional 279 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at approximately $34,000. Chris Bulman Inc purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at approximately $35,000. Finally, Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CP. Sanford C. Bernstein decreased their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a report on Wednesday, October 9th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Susquehanna upgraded Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and cut their price objective for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. Stephens decreased their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. Finally, Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.88.

Canadian Pacific Kansas City Trading Down 1.0 %

Shares of NYSE CP traded down $0.80 during midday trading on Friday, reaching $75.56. 766,423 shares of the stock were exchanged, compared to its average volume of 2,265,327. Canadian Pacific Kansas City Limited has a twelve month low of $72.22 and a twelve month high of $91.58. The stock has a market capitalization of $70.52 billion, a P/E ratio of 27.19, a PEG ratio of 2.24 and a beta of 0.96. The company has a 50 day simple moving average of $78.50 and a 200 day simple moving average of $80.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the business earned $0.69 EPS. Canadian Pacific Kansas City's revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.06 earnings per share 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 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.00%.

Canadian Pacific Kansas City Company 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.