Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Narwhal Capital Management

Narwhal Capital Management increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,357 shares of the transportation company’s stock after purchasing an additional 21,537 shares during the quarter. Narwhal Capital Management’s holdings in Canadian Pacific Kansas City were worth $8,071,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CP. Grove Bank & Trust increased its stake in Canadian Pacific Kansas City by 56.0% during the third 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 last quarter. LRI Investments LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $32,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City in the second quarter worth $35,000. Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at $38,000. Finally, ORG Partners LLC acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays increased their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Susquehanna upped their target price on shares of Canadian Pacific Kansas City from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Jefferies Financial Group reduced their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Sanford C. Bernstein lowered their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.90.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $79.64 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The company has a market cap of $74.31 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The firm has a 50 day moving average price of $82.91 and a 200 day moving average price of $81.52.

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

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a $0.1373 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

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.