2,746 Shares in Canadian Pacific Kansas City Limited $CP Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,746 shares of the transportation company’s stock, valued at approximately $218,000.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Canadian Pacific Kansas City by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock worth $74,807,000 after purchasing an additional 31,508 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 70.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock worth $421,000 after purchasing an additional 2,467 shares during the period. Vanderbilt University boosted its position in shares of Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after purchasing an additional 7,050 shares during the period. Ninety One North America Inc. boosted its position in shares of Canadian Pacific Kansas City by 135.7% during the 2nd quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock worth $16,394,000 after purchasing an additional 119,052 shares during the period. Finally, TD Asset Management Inc lifted 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 buying an additional 136,970 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Susquehanna reduced their target price on shares of 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. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $75.64 on Wednesday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The firm’s fifty day simple moving average is $75.49 and its 200-day simple moving average is $76.76. The firm has a market capitalization of $68.59 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.16 and a beta of 1.08. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a $0.1651 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.56%.

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.