Coldstream Capital Management Inc. Increases Holdings in Canadian Pacific Kansas City Limited $CP

Coldstream Capital Management Inc. raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 22.9% in the second quarter, HoldingsChannel reports. The firm owned 12,736 shares of the transportation company’s stock after buying an additional 2,370 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Canadian Pacific Kansas City were worth $1,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Cheviot Value Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $30,000. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at $35,000. Chilton Capital Management LLC purchased a new position in Canadian Pacific Kansas City during the 2nd quarter valued at $49,000. WPG Advisers LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter worth $50,000. Finally, LRI Investments LLC lifted its position in shares of Canadian Pacific Kansas City by 42.1% in the 2nd quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock worth $57,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CP shares. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. 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 Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Susquehanna set a $87.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Stock Up 2.2%

CP stock opened at $71.54 on Wednesday. The business has a 50 day moving average of $73.64 and a 200 day moving average of $76.65. The firm has a market cap of $64.19 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same period last year, the firm posted $0.99 earnings per share. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio is 20.12%.

Canadian Pacific Kansas City 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.