Ycg LLC Acquires 35,589 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

YCG LLC lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 419,180 shares of the transportation company's stock after acquiring an additional 35,589 shares during the quarter. Canadian Pacific Kansas City accounts for about 2.8% of YCG LLC's holdings, making the stock its 17th biggest holding. YCG LLC's holdings in Canadian Pacific Kansas City were worth $35,857,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Choate Investment Advisors raised its holdings in Canadian Pacific Kansas City by 24.2% in the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company's stock worth $6,349,000 after purchasing an additional 14,037 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth $11,810,000. Cetera Investment Advisers raised its holdings in Canadian Pacific Kansas City by 272.0% in the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company's stock worth $4,874,000 after purchasing an additional 40,380 shares in the last quarter. Magnetar Financial LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter worth $2,629,000. Finally, Raymond James & Associates raised its holdings in Canadian Pacific Kansas City by 1.5% in the 2nd quarter. Raymond James & Associates now owns 778,881 shares of the transportation company's stock worth $61,321,000 after purchasing an additional 11,416 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded down $1.22 during trading on Friday, reaching $77.59. 2,910,673 shares of the company traded hands, compared to its average volume of 2,329,746. The firm has a 50 day simple moving average of $82.18 and a 200-day simple moving average of $80.81. 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 stock has a market capitalization of $72.42 billion, a PE ratio of 27.71, a P/E/G ratio of 2.33 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52-week low of $69.08 and a 52-week high of $91.58.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders 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 0.72%. 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 dividend payout ratio (DPR) is presently 19.64%.

Analyst Upgrades and Downgrades

CP has been the subject of several research reports. Evercore ISI upped their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a report on Wednesday, September 25th. Jefferies Financial Group reduced their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Susquehanna raised shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and reduced their target price for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Finally, Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Eight 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.15.

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.