Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Boosted by Meritage Group LP

Meritage Group LP grew its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,773,482 shares of the transportation company's stock after purchasing an additional 7,992 shares during the period. Canadian Pacific Kansas City makes up approximately 7.5% of Meritage Group LP's holdings, making the stock its 5th largest holding. Meritage Group LP owned approximately 0.40% of Canadian Pacific Kansas City worth $322,803,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mirova US LLC acquired a new position in Canadian Pacific Kansas City during the second quarter valued at $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Canadian Pacific Kansas City by 398.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company's stock worth $165,419,000 after purchasing an additional 1,678,784 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Canadian Pacific Kansas City by 84.4% in the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company's stock valued at $251,778,000 after purchasing an additional 1,348,474 shares in the last quarter. Wulff Hansen & CO. grew its position in shares of Canadian Pacific Kansas City by 8,261.4% during the 2nd quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company's stock worth $74,282,000 after buying an additional 932,216 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $63,179,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded up $0.49 during midday trading on Monday, reaching $75.80. The company had a trading volume of 1,715,599 shares, compared to its average volume of 2,270,579. Canadian Pacific Kansas City Limited has a 12-month low of $72.22 and a 12-month high of $91.58. The firm's fifty day simple moving average is $78.30 and its 200-day simple moving average is $80.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market capitalization of $70.75 billion, a P/E ratio of 26.90, a P/E/G ratio of 2.24 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) 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 analyst estimates of $3.59 billion. During the same period last year, the business earned $0.69 EPS. Canadian Pacific Kansas City's revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders 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. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 19.64%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CP shares. Barclays upped their price objective on 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. Evercore ISI lifted their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 25th. Bank of America dropped their target price 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. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research report on Friday, October 11th. Finally, Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus 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.