Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Vanderbilt University

Vanderbilt University raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 38.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,203 shares of the transportation company’s stock after acquiring an additional 16,189 shares during the period. Canadian Pacific Kansas City makes up approximately 0.9% of Vanderbilt University’s investment portfolio, making the stock its 19th largest position. Vanderbilt University’s holdings in Canadian Pacific Kansas City were worth $4,983,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Canadian Pacific Kansas City by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock valued at $3,079,474,000 after acquiring an additional 588,701 shares during the last quarter. TD Asset Management Inc raised its stake in Canadian Pacific Kansas City by 2.5% during the first quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company’s stock worth $1,915,196,000 after purchasing an additional 532,303 shares during the period. Bank of Montreal Can boosted its holdings in Canadian Pacific Kansas City by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock valued at $1,580,556,000 after purchasing an additional 533,792 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Canadian Pacific Kansas City by 5.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock valued at $1,088,155,000 after buying an additional 723,188 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Canadian Pacific Kansas City by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company’s stock worth $909,721,000 after buying an additional 216,062 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup increased their price objective on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays increased their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Sanford C. Bernstein lowered their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Finally, Bank of America dropped their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $95.09.

Canadian Pacific Kansas City Stock Up 0.2 %

Canadian Pacific Kansas City stock traded up $0.17 during midday trading on Monday, reaching $77.28. The company’s stock had a trading volume of 270,408 shares, compared to its average volume of 2,099,795. The company has a market cap of $72.11 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $82.86 and a 200-day simple moving average of $81.30. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.08 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. On average, research analysts expect 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, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

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.