Milestones Administradora de Recursos Ltda. Makes New $5.07 Million Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Milestones Administradora de Recursos Ltda. acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 59,250 shares of the transportation company's stock, valued at approximately $5,068,000. Canadian Pacific Kansas City accounts for about 2.0% of Milestones Administradora de Recursos Ltda.'s investment portfolio, making the stock its 12th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of CP. Grove Bank & Trust raised its stake in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after acquiring an additional 130 shares during the last quarter. LRI Investments LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $32,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City in the second quarter valued at $35,000. Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $38,000. Finally, ORG Partners LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $39,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CP has been the topic of several recent analyst reports. Evercore ISI increased their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and reduced their price objective for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Citigroup upped their price target on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, October 24th. 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 report on Wednesday, September 25th. Finally, Sanford C. Bernstein lowered their target price 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. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.15.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded up $0.19 on Wednesday, reaching $78.18. The company's stock had a trading volume of 2,085,110 shares, compared to its average volume of 2,110,338. Canadian Pacific Kansas City Limited has a 12-month low of $69.08 and a 12-month high of $91.58. The company has a market capitalization of $72.97 billion, a P/E ratio of 27.85, a PEG ratio of 2.21 and a beta of 0.96. The stock's 50 day simple moving average is $82.80 and its 200-day simple moving average is $81.18. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

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 (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The company's quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. 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 0.72%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.00%.

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.