FORA Capital LLC Buys 12,445 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

FORA Capital LLC boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 71.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,788 shares of the transportation company’s stock after acquiring an additional 12,445 shares during the period. FORA Capital LLC’s holdings in Canadian Pacific Kansas City were worth $2,548,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Grove Bank & Trust grew its position in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares during the period. Addison Advisors LLC grew its holdings in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the period. LRI Investments LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at $35,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at about $35,000. Finally, Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $0.63 during midday trading on Wednesday, reaching $75.02. The stock had a trading volume of 348,583 shares, compared to its average volume of 2,251,541. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $70.02 billion, a PE ratio of 26.56, a P/E/G ratio of 2.28 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 12 month low of $69.66 and a 12 month high of $91.58. The firm’s 50-day moving average price is $79.89 and its 200 day moving average price is $80.35.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is 19.64%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their target price for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Bank of America dropped their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Citigroup decreased their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.68.

About Canadian Pacific Kansas City

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.