Soros Capital Management LLC Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Soros Capital Management LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,157 shares of the transportation company's stock, valued at approximately $1,297,000.

A number of other institutional investors have also bought and sold shares of the business. SVB Wealth LLC increased its holdings in Canadian Pacific Kansas City by 11.7% during the first quarter. SVB Wealth LLC now owns 4,941 shares of the transportation company's stock valued at $436,000 after buying an additional 518 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Canadian Pacific Kansas City by 19.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,076 shares of the transportation company's stock worth $1,594,000 after acquiring an additional 2,976 shares in the last quarter. Redwood Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter worth approximately $639,000. Wahed Invest LLC grew its stake in Canadian Pacific Kansas City by 40.0% during the 1st quarter. Wahed Invest LLC now owns 10,144 shares of the transportation company's stock valued at $895,000 after acquiring an additional 2,896 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $35,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

CP has been the topic of a number of recent analyst reports. Bank of America dropped their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein reduced their price objective 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. Citigroup lowered their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Susquehanna upgraded Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and reduced their price objective for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. Finally, Evercore ISI raised 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. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.68.

Canadian Pacific Kansas City Trading Up 1.5 %

CP traded up $1.11 during trading on Wednesday, reaching $75.50. The company had a trading volume of 1,673,537 shares, compared to its average volume of 2,257,255. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business has a 50 day simple moving average of $79.89 and a 200-day simple moving average of $80.35. Canadian Pacific Kansas City Limited has a 52 week low of $69.66 and a 52 week high of $91.58. The stock has a market cap of $70.47 billion, a P/E ratio of 26.56, a PEG ratio of 2.28 and a beta of 0.98.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.74%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is presently 19.64%.

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.