Poehling Capital Management INC. Makes New Investment in Canadian Pacific Kansas City Limited $CP

Poehling Capital Management INC. purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,000 shares of the transportation company’s stock, valued at approximately $317,000.

Other hedge funds have also modified their holdings of the company. Cheviot Value Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at $30,000. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City in the 1st quarter worth $35,000. Chilton Capital Management LLC bought a new stake in Canadian Pacific Kansas City during the second quarter valued at about $49,000. WPG Advisers LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter valued at about $50,000. Finally, LRI Investments LLC boosted its stake in shares of Canadian Pacific Kansas City by 42.1% in the second quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock worth $57,000 after acquiring an additional 213 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $70.60 on Monday. The firm has a market capitalization of $63.34 billion, a PE ratio of 21.52, a PEG ratio of 2.03 and a beta of 1.08. The stock’s fifty day moving average is $74.41 and its 200 day moving average is $76.83. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65. 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 posted its quarterly earnings data 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 firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors 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%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is currently 20.12%.

Wall Street Analyst Weigh In

CP has been the subject of a number of research analyst reports. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a report on Thursday, October 30th. Evercore ISI reduced their price objective on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Royal Bank Of Canada reduced their price target on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $91.69.

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.