Timber Creek Capital Management LLC Invests $3.33 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

Timber Creek Capital Management LLC acquired 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,953 shares of the transportation company's stock, valued at approximately $3,332,000.

A number of other institutional investors have also recently made changes to their positions in CP. LRI Investments LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $35,000. Cetera Investment Advisers lifted its position in Canadian Pacific Kansas City by 272.0% during the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company's stock worth $4,874,000 after acquiring an additional 40,380 shares during the period. Cetera Advisors LLC lifted its position in Canadian Pacific Kansas City by 44.7% during the 1st quarter. Cetera Advisors LLC now owns 30,715 shares of the transportation company's stock worth $2,711,000 after acquiring an additional 9,490 shares during the period. Transcend Capital Advisors LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $640,000. Finally, GAMMA Investing LLC lifted its position in Canadian Pacific Kansas City by 82.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,239 shares of the transportation company's stock worth $176,000 after acquiring an additional 1,010 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded up $1.24 on Friday, hitting $76.59. The company's stock had a trading volume of 1,928,729 shares, compared to its average volume of 3,780,873. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 1 year low of $71.08 and a 1 year high of $91.58. The firm has a fifty day moving average price of $79.26 and a 200-day moving average price of $80.23. The company has a market capitalization of $71.48 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 2.27 and a beta of 0.98.

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

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is 19.64%.

Wall Street Analyst Weigh In

A number of analysts have commented on CP shares. Evercore ISI lifted their price target 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. Bank of America lowered their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Barclays lifted their price target 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. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Finally, Citigroup decreased their price objective 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. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average target price of $94.88.

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.