Healthcare of Ontario Pension Plan Trust Fund Purchases 41,944 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4,194,400.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,945 shares of the transportation company's stock after buying an additional 41,944 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Canadian Pacific Kansas City were worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. S&CO Inc. increased its position in shares of Canadian Pacific Kansas City by 183.3% in the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock valued at $1,454,000 after buying an additional 11,000 shares in the last quarter. Swiss National Bank grew its stake in Canadian Pacific Kansas City by 0.8% in the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company's stock valued at $241,645,000 after acquiring an additional 23,000 shares during the period. Encompass Capital Advisors LLC acquired a new position in Canadian Pacific Kansas City in the second quarter valued at about $11,810,000. GSA Capital Partners LLP bought a new stake in shares of Canadian Pacific Kansas City in the third quarter worth about $696,000. Finally, Cetera Investment Advisers raised its position in shares of Canadian Pacific Kansas City by 272.0% during the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company's stock worth $4,874,000 after purchasing an additional 40,380 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 1.6 %

Shares of NYSE:CP traded up $1.24 during trading on Friday, reaching $76.59. 1,928,729 shares of the company traded hands, compared to its average volume of 3,780,873. The firm has a market capitalization of $71.48 billion, a price-to-earnings ratio of 27.35, a P/E/G ratio of 2.27 and a beta of 0.98. 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's fifty day moving average is $79.26 and its 200-day moving average is $80.23. Canadian Pacific Kansas City Limited has a 52-week low of $71.08 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 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 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 given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.73%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is presently 19.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Susquehanna raised shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and cut their price objective for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Evercore ISI boosted their price target 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. Sanford C. Bernstein decreased their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a report on Wednesday, October 9th. Citigroup cut their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Finally, Barclays lifted 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 report on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average target price of $94.88.

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.