Mar Vista Investment Partners LLC Has $6.13 Million Stake in Canadian Pacific Kansas City Limited $CP

Mar Vista Investment Partners LLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,288 shares of the transportation company’s stock after purchasing an additional 3,003 shares during the quarter. Mar Vista Investment Partners LLC’s holdings in Canadian Pacific Kansas City were worth $6,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Waratah Capital Advisors Ltd. raised its position in Canadian Pacific Kansas City by 142.4% in the 2nd quarter. Waratah Capital Advisors Ltd. now owns 295,149 shares of the transportation company’s stock valued at $23,396,000 after buying an additional 173,390 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Canadian Pacific Kansas City by 4.6% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 32,352 shares of the transportation company’s stock worth $2,565,000 after acquiring an additional 1,418 shares in the last quarter. Creative Planning raised its holdings in shares of Canadian Pacific Kansas City by 2.5% in the second quarter. Creative Planning now owns 199,399 shares of the transportation company’s stock valued at $15,806,000 after purchasing an additional 4,897 shares during the last quarter. Lindsell Train Ltd raised its holdings in shares of Canadian Pacific Kansas City by 9.5% in the second quarter. Lindsell Train Ltd now owns 13,300 shares of the transportation company’s stock valued at $1,054,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Canadian Pacific Kansas City by 0.6% during the second quarter. Fiera Capital Corp now owns 5,685,384 shares of the transportation company’s stock valued at $450,249,000 after purchasing an additional 31,237 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of recent analyst reports. Evercore ISI reduced their price objective on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Jefferies Financial Group set a $90.00 target price on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. 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. Finally, Citigroup decreased their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $70.60 on Friday. The business’s 50 day simple moving average is $74.41 and its 200 day simple moving average is $76.80. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The company has a market cap of $63.34 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.03 and a beta of 1.08. The company has a current ratio of 0.63, a quick ratio of 0.54 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the business earned $0.99 earnings per share. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s payout ratio is currently 19.51%.

Canadian Pacific Kansas City Company 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.