Dover Advisors LLC Acquires 317 Shares of Canadian Pacific Kansas City Limited $CP

Dover Advisors LLC boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.3% in the second quarter, Holdings Channel reports. The fund owned 9,990 shares of the transportation company’s stock after purchasing an additional 317 shares during the quarter. Dover Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $792,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of CP. North Capital Inc. purchased a new stake in Canadian Pacific Kansas City in the first quarter worth about $27,000. Cornerstone Planning Group LLC increased its position in Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after buying an additional 256 shares in the last quarter. Cheviot Value Management LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter worth about $30,000. Bernard Wealth Management Corp. purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $31,000. Finally, Hexagon Capital Partners LLC increased its position in Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.8%

Shares of NYSE CP opened at $75.14 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $76.51 and a two-hundred day simple moving average of $76.40. The firm has a market cap of $68.14 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.06. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. Analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a $0.1651 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.56%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CP. Stephens increased their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Citigroup increased their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. The Goldman Sachs Group restated a “neutral” rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Finally, Barclays raised their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $92.30.

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.