Forsta AP Fonden Increases Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Forsta AP Fonden boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 17.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,300 shares of the transportation company's stock after purchasing an additional 27,800 shares during the period. Forsta AP Fonden's holdings in Canadian Pacific Kansas City were worth $15,866,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Grove Bank & Trust boosted its stake in shares of Canadian Pacific Kansas City by 56.0% in the 3rd 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 bought a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth about $32,000. Chris Bulman Inc bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $35,000. Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City during the third quarter worth approximately $38,000. Finally, ORG Partners LLC bought a new stake in Canadian Pacific Kansas City in the second quarter worth approximately $39,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CP shares. Sanford C. Bernstein reduced their price target on shares of 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 boosted their target price on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday. Evercore ISI upped their target price 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. Finally, Stifel Nicolaus reduced their price target on shares of 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. Eight 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $93.95.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $1.40 during midday trading on Friday, reaching $77.11. 1,775,301 shares of the stock were exchanged, compared to its average volume of 2,108,632. The company's fifty day moving average is $82.86 and its 200-day moving average is $81.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. Canadian Pacific Kansas City Limited has a 52 week low of $69.07 and a 52 week high of $91.58. The firm has a market cap of $71.95 billion, a PE ratio of 24.71, a PEG ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.59 billion. During the same period last year, the company posted $0.69 EPS. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm 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 represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, December 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio is currently 17.95%.

About Canadian Pacific Kansas City

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.