Channing Global Advisors LLC Raises Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Channing Global Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,271 shares of the transportation company’s stock after acquiring an additional 15,279 shares during the period. Canadian Pacific Kansas City comprises about 11.2% of Channing Global Advisors LLC’s portfolio, making the stock its 2nd largest position. Channing Global Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $14,319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased its holdings in shares of Canadian Pacific Kansas City by 12.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 2,055 shares of the transportation company’s stock valued at $163,000 after purchasing an additional 224 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 6.8% during the 4th quarter. Yousif Capital Management LLC now owns 16,699 shares of the transportation company’s stock valued at $1,320,000 after purchasing an additional 1,065 shares in the last quarter. Cutter & CO Brokerage Inc. increased its holdings in shares of Canadian Pacific Kansas City by 8.7% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 185,604 shares of the transportation company’s stock valued at $14,674,000 after purchasing an additional 14,835 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $88,000. Finally, Lorne Steinberg Wealth Management Inc. increased its holdings in shares of Canadian Pacific Kansas City by 12.3% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 78,159 shares of the transportation company’s stock valued at $6,185,000 after purchasing an additional 8,575 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.1 %

Shares of CP traded down $0.08 during mid-day trading on Friday, hitting $82.01. 474,448 shares of the company’s stock were exchanged, compared to its average volume of 2,097,441. The stock’s 50-day moving average is $87.11 and its 200-day moving average is $79.74. The company has a market cap of $76.48 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 2.10 and a beta of 0.94. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.57%. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CP shares. Barclays lifted their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday. Raymond James boosted their price target on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.42.

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.