Walter Public Investments Inc. Purchases 26,883 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Walter Public Investments Inc. increased its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,156 shares of the transportation company's stock after buying an additional 26,883 shares during the quarter. Canadian Pacific Kansas City comprises approximately 3.6% of Walter Public Investments Inc.'s holdings, making the stock its 10th largest position. Walter Public Investments Inc.'s holdings in Canadian Pacific Kansas City were worth $20,611,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CP. Grove Bank & Trust lifted its holdings 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 valued at $31,000 after purchasing an additional 130 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter valued at $32,000. Chris Bulman Inc purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at $35,000. Asset Dedication LLC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at $38,000. Finally, ORG Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at $39,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CP shares. Scotiabank raised Canadian Pacific Kansas City from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, July 10th. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research note on Friday, October 11th. Evercore ISI increased 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. Jefferies Financial Group reduced their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, July 17th. Finally, Barclays increased their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.90.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded down $0.79 during trading on Thursday, reaching $81.19. The company had a trading volume of 1,854,946 shares, compared to its average volume of 2,102,351. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The firm's 50 day simple moving average is $82.73 and its two-hundred day simple moving average is $81.77. The company has a market capitalization of $75.75 billion, a PE ratio of 26.01, a PEG ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a $0.1373 dividend. This represents a $0.55 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 17.31%.

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.