Conway Capital Management Inc. Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Conway Capital Management Inc. bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,358 shares of the transportation company's stock, valued at approximately $1,314,000. Canadian Pacific Kansas City makes up about 0.6% of Conway Capital Management Inc.'s portfolio, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Grove Bank & Trust raised its position in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after acquiring an additional 130 shares during the last quarter. Addison Advisors LLC raised its holdings in 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 purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $34,000. Chris Bulman Inc bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $35,000. Finally, Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $38,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CP. Stephens decreased their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Susquehanna upgraded Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and lowered their target price for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Bank of America cut their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Finally, Evercore ISI increased their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $94.88.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded up $0.03 on Tuesday, hitting $75.61. 1,963,050 shares of the company traded hands, compared to its average volume of 2,275,421. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market capitalization of $70.57 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.24 and a beta of 0.96. The business has a 50-day simple moving average of $78.10 and a 200 day simple moving average of $80.00. Canadian Pacific Kansas City Limited has a 52 week low of $72.22 and a 52 week high of $91.58.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 20.00%.

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.