Ycg LLC Purchases 11,141 Shares of Canadian Pacific Kansas City Limited $CP

Ycg LLC raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 387,344 shares of the transportation company’s stock after buying an additional 11,141 shares during the quarter. Canadian Pacific Kansas City comprises about 2.2% of Ycg LLC’s portfolio, making the stock its 20th largest position. Ycg LLC’s holdings in Canadian Pacific Kansas City were worth $28,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $27,000. Caldwell Trust Co bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $30,000. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter valued at about $35,000. SJS Investment Consulting Inc. bought a new position in Canadian Pacific Kansas City in the third quarter valued at about $39,000. Finally, Chilton Capital Management LLC acquired a new position in Canadian Pacific Kansas City during the second quarter worth about $49,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $72.58 on Friday. The firm has a market cap of $65.15 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65. The firm’s fifty day moving average is $72.68 and its 200-day moving average is $74.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced 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). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a $0.228 dividend. The ex-dividend date is Wednesday, December 31st. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a yield of 1.3%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citigroup set a $88.00 price target on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Thursday, January 8th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Susquehanna set a $87.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Natl Bk Canada cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. 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 analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.36.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.