Maren Capital LLC Buys 48,640 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Maren Capital LLC grew its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,070,498 shares of the transportation company's stock after purchasing an additional 48,640 shares during the quarter. Canadian Pacific Kansas City makes up approximately 7.5% of Maren Capital LLC's portfolio, making the stock its 7th largest holding. Maren Capital LLC owned 0.11% of Canadian Pacific Kansas City worth $91,570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CP. Cetera Investment Advisers boosted its stake in 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 buying an additional 40,380 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Canadian Pacific Kansas City by 82.2% in the second quarter. GAMMA Investing LLC now owns 2,239 shares of the transportation company's stock valued at $176,000 after buying an additional 1,010 shares during the last quarter. CWM LLC grew its position in shares of Canadian Pacific Kansas City by 7.3% during the 2nd quarter. CWM LLC now owns 7,073 shares of the transportation company's stock worth $557,000 after buying an additional 481 shares during the period. Tilia Fiduciary Partners Inc. grew its position in shares of Canadian Pacific Kansas City by 8.3% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 26,475 shares of the transportation company's stock worth $2,084,000 after buying an additional 2,031 shares during the period. Finally, U.S. Capital Wealth Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 49.5% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 20,981 shares of the transportation company's stock worth $1,652,000 after buying an additional 6,949 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CP. Barclays boosted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. Sanford C. Bernstein reduced their price target on 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. Bank of America reduced 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. Citigroup reduced their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.88.

Canadian Pacific Kansas City Stock Performance

CP traded up $0.76 during trading hours on Wednesday, reaching $76.35. The company's stock had a trading volume of 3,876,844 shares, compared to its average volume of 2,270,625. Canadian Pacific Kansas City Limited has a 52 week low of $72.22 and a 52 week high of $91.58. The company's 50-day moving average is $78.86 and its 200-day moving average is $80.14. 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 firm has a market cap of $71.26 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted 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 firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, equities 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 is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.73%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 19.64%.

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.