Point72 Asset Management L.P. Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Point72 Asset Management L.P. bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 738,591 shares of the transportation company's stock, valued at approximately $63,179,000. Point72 Asset Management L.P. owned 0.08% of Canadian Pacific Kansas City as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Grove Bank & Trust lifted its holdings in 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. Tower View Wealth Management LLC raised its position in shares of Canadian Pacific Kansas City by 0.3% in the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company's stock valued at $4,410,000 after purchasing an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Canadian Pacific Kansas City by 3.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company's stock valued at $355,000 after buying an additional 131 shares in the last quarter. Trust Co. of Vermont boosted its holdings in Canadian Pacific Kansas City by 4.7% in the 3rd quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company's stock worth $260,000 after buying an additional 135 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Canadian Pacific Kansas City by 12.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company's stock worth $107,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.0 %

Canadian Pacific Kansas City stock traded up $0.01 during trading hours on Thursday, reaching $76.36. The company had a trading volume of 2,421,506 shares, compared to its average volume of 2,271,992. The firm has a market cap of $71.27 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 2.24 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12-month low of $72.22 and a 12-month high of $91.58. 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 50-day moving average price of $78.50 and a 200 day moving average price of $80.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared 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 yield of 0.73%. The ex-dividend date of this dividend 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 payout ratio is currently 20.00%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Sanford C. Bernstein dropped their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Friday, October 11th. Stephens reduced their price objective on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and reduced their price target for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price objective on 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. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus target price of $94.88.

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.