S&CO Inc. Increases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

S&CO Inc. increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 183.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,000 shares of the transportation company's stock after purchasing an additional 11,000 shares during the quarter. S&CO Inc.'s holdings in Canadian Pacific Kansas City were worth $1,454,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CP. Thrivent Financial for Lutherans raised its stake in shares of Canadian Pacific Kansas City by 61.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 19,807 shares of the transportation company's stock valued at $1,694,000 after acquiring an additional 7,573 shares during the period. Natixis Advisors LLC raised its position in Canadian Pacific Kansas City by 5.6% in the third quarter. Natixis Advisors LLC now owns 727,508 shares of the transportation company's stock valued at $62,231,000 after purchasing an additional 38,705 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in Canadian Pacific Kansas City during the third quarter worth $211,000. Oppenheimer Asset Management Inc. boosted its position in shares of Canadian Pacific Kansas City by 3.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 84,176 shares of the transportation company's stock worth $7,200,000 after buying an additional 2,792 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Canadian Pacific Kansas City by 0.3% in the third quarter. Oppenheimer & Co. Inc. now owns 183,638 shares of the transportation company's stock valued at $15,708,000 after buying an additional 461 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 2.5 %

CP stock traded down $1.88 during trading on Friday, hitting $73.99. 4,003,825 shares of the company's stock were exchanged, compared to its average volume of 2,842,437. The stock has a market capitalization of $69.06 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 2.20 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52-week low of $69.27 and a 52-week high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $81.44 and a two-hundred day moving average price of $80.66.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 19.64%.

Analyst Ratings Changes

A number of equities analysts recently commented on CP shares. Evercore ISI raised their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a report on Wednesday, September 25th. Barclays raised their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Sanford C. Bernstein decreased their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research report on Wednesday, October 9th. Finally, Stephens cut their price objective 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. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $93.68.

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.