12,967 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,967 shares of the transportation company's stock, valued at approximately $1,109,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter valued at about $35,000. Cetera Investment Advisers increased its holdings 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 valued at $4,874,000 after buying an additional 40,380 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 44.7% in the 1st quarter. Cetera Advisors LLC now owns 30,715 shares of the transportation company's stock worth $2,711,000 after purchasing an additional 9,490 shares in the last quarter. Transcend Capital Advisors LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth $640,000. Finally, GAMMA Investing LLC raised its stake 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 worth $176,000 after buying an additional 1,010 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Barclays raised their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Evercore ISI upped their price objective on 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. Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research report on Friday, October 11th. Finally, Citigroup cut their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average target price of $94.88.

Canadian Pacific Kansas City Stock Up 1.6 %

Shares of NYSE CP traded up $1.24 during trading hours on Friday, hitting $76.59. 1,928,729 shares of the stock were exchanged, compared to its average volume of 3,780,873. Canadian Pacific Kansas City Limited has a 12 month low of $71.08 and a 12 month high of $91.58. The firm has a fifty day moving average price of $79.26 and a 200-day moving average price of $80.23. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company has a market cap of $71.48 billion, a PE ratio of 27.35, a PEG ratio of 2.27 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results 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). 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 analysts' expectations of $3.59 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.73%. Canadian Pacific Kansas City's payout ratio is 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.