15,354 Shares of Canadian Pacific Kansas City Limited $CP Acquired by Sanders Morris Harris LLC

Sanders Morris Harris LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,354 shares of the transportation company’s stock, valued at approximately $1,311,000.

Several other institutional investors and hedge funds also recently modified their holdings of CP. Fiduciary Financial Advisors acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at about $25,000. Jones Financial Companies Lllp acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $44,000. Knuff & Co LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $50,000. Western Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth approximately $50,000. Finally, Chilton Capital Management LLC boosted its holdings in Canadian Pacific Kansas City by 192.3% in the 2nd quarter. Chilton Capital Management LLC now owns 684 shares of the transportation company’s stock worth $59,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CP shares. Wells Fargo & Company increased their price objective 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. Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings raised shares of Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.83.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of NYSE CP traded up $0.40 during midday trading on Wednesday, reaching $86.13. 3,122,676 shares of the company’s stock were exchanged, compared to its average volume of 2,669,948. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90. The business’s fifty day moving average price is $89.82 and its two-hundred day moving average price is $87.74. The stock has a market capitalization of $75.37 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. Canadian Pacific Kansas City’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.12 earnings per share. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.70 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued a dividend of C$0.27 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 24.76%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.