5,870 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Acquired by Tanager Wealth Management LLP

Tanager Wealth Management LLP purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 5,870 shares of the transportation company’s stock, valued at approximately $503,000.

Several other institutional investors also recently bought and sold shares of the business. Grove Bank & Trust lifted its holdings 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 acquiring an additional 130 shares during the period. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City during the first quarter worth approximately $32,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $35,000. Asset Dedication LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $38,000. Finally, ORG Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 1.1 %

CP stock opened at $78.81 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $82.92 and a 200-day simple moving average of $81.50. The company has a market capitalization of $73.53 billion, a P/E ratio of 25.26, a PEG ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. The company’s revenue was up 13.5% on a year-over-year basis. On average, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.31%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Jefferies Financial Group reduced their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Barclays increased their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Citigroup started coverage on shares of Canadian Pacific Kansas City in a report on Wednesday, October 9th. They set a “buy” rating and a $97.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $97.90.

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.