Canadian Pacific Kansas City Limited $CP Shares Bought by Brookstone Capital Management

Brookstone Capital Management raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,760 shares of the transportation company’s stock after acquiring an additional 209 shares during the quarter. Brookstone Capital Management’s holdings in Canadian Pacific Kansas City were worth $1,170,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Canadian Pacific Kansas City by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company’s stock valued at $2,606,624,000 after acquiring an additional 364,515 shares in the last quarter. TD Asset Management Inc increased its holdings in Canadian Pacific Kansas City by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock worth $1,665,106,000 after purchasing an additional 136,970 shares during the period. Causeway Capital Management LLC increased its holdings in Canadian Pacific Kansas City by 11.5% during the 1st quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock worth $1,207,605,000 after purchasing an additional 1,778,984 shares during the period. Invesco Ltd. increased its holdings in Canadian Pacific Kansas City by 59.5% during the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock worth $1,192,471,000 after purchasing an additional 6,337,312 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Canadian Pacific Kansas City by 6.5% during the 1st quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company’s stock worth $1,147,220,000 after purchasing an additional 999,522 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup cut their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Susquehanna cut their price target on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday, September 25th. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Stephens upped their price objective 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. Finally, Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Canadian Pacific Kansas City Trading Down 0.6%

NYSE:CP opened at $75.45 on Friday. The stock has a 50-day simple moving average of $75.57 and a 200-day simple moving average of $76.93. The stock has a market cap of $68.43 billion, a P/E ratio of 23.50, a P/E/G ratio of 2.13 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) 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 analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a $0.1651 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is currently 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.