Duality Advisers LP Acquires New Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Duality Advisers LP bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,464 shares of the transportation company’s stock, valued at approximately $985,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Canadian Pacific Kansas City by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company’s stock worth $2,511,546,000 after buying an additional 483,138 shares during the period. FMR LLC grew its holdings in shares of Canadian Pacific Kansas City by 1.8% during the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock worth $2,304,549,000 after purchasing an additional 553,163 shares during the period. Mackenzie Financial Corp increased its position in Canadian Pacific Kansas City by 5.9% during the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock worth $1,122,370,000 after purchasing an additional 787,608 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Canadian Pacific Kansas City by 0.9% in the third quarter. CIBC Asset Management Inc now owns 9,536,530 shares of the transportation company’s stock valued at $711,045,000 after buying an additional 86,525 shares during the period. Finally, Bank of Nova Scotia lifted its position in Canadian Pacific Kansas City by 0.4% during the third quarter. Bank of Nova Scotia now owns 8,305,174 shares of the transportation company’s stock valued at $617,332,000 after buying an additional 36,287 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on CP. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Barclays increased their target price on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective for the company. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, April 10th. Finally, Susquehanna lowered their target price on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $97.22.

Canadian Pacific Kansas City Trading Up 1.5 %

CP stock opened at $87.72 on Wednesday. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $87.24 and its 200-day moving average is $79.71. The firm has a market cap of $81.81 billion, a P/E ratio of 27.94, a P/E/G ratio of 2.22 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 earnings per share 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, April 29th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. This represents a $0.57 annualized dividend and a yield of 0.65%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.83%.

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.