Sustainable Insight Capital Management LLC Increases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Sustainable Insight Capital Management LLC raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 72.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 10,522 shares of the transportation company’s stock after purchasing an additional 4,422 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CP. Cornerstone Planning Group LLC increased its stake in shares of Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after acquiring an additional 256 shares during the last quarter. North Capital Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth about $27,000. Cheviot Value Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. Finally, Hexagon Capital Partners LLC grew its position in Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CP shares. Susquehanna reaffirmed a “positive” rating and issued a $94.00 target price (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Stephens lifted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Finally, Barclays lifted their price objective on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.30.

Canadian Pacific Kansas City Price Performance

CP stock opened at $74.51 on Tuesday. The business has a 50 day moving average price of $79.04 and a 200 day moving average price of $76.85. The stock has a market cap of $68.08 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 2.11 and a beta of 1.06. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%. Canadian Pacific Kansas City’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a yield of 0.9%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.56%.

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.