SkyView Investment Advisors LLC Has $260,000 Position in Canadian Pacific Kansas City Limited $CP

SkyView Investment Advisors LLC lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 93.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,000 shares of the transportation company’s stock after selling 41,678 shares during the period. SkyView Investment Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $978,558,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $802,983,000. The Manufacturers Life Insurance Company bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $657,672,000. Legal & General Group Plc acquired a new position in shares of Canadian Pacific Kansas City in the second quarter valued at $604,797,000. Finally, Jupiter Topco LLC acquired a new position in shares of Canadian Pacific Kansas City in the second quarter valued at $576,687,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent research reports. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wells Fargo & Company lifted their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Finally, Citizens Jmp started coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $108.60.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $89.88 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The business’s fifty day moving average price is $91.75 and its two-hundred day moving average price is $87.25. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The stock has a market capitalization of $78.95 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.86 and a beta of 1.12.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the business earned $1.12 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 24.76%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.