Westport Asset Management Inc. Invests $247,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Westport Asset Management Inc. bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,884 shares of the transportation company’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mirova US LLC acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Canadian Pacific Kansas City by 398.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after purchasing an additional 1,678,784 shares in the last quarter. Wulff Hansen & CO. boosted its holdings in Canadian Pacific Kansas City by 8,261.4% in the 2nd quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock valued at $74,282,000 after purchasing an additional 932,216 shares during the period. AGF Management Ltd. grew its position in shares of Canadian Pacific Kansas City by 86.5% during the 2nd quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after purchasing an additional 735,816 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its position in shares of Canadian Pacific Kansas City by 5.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after purchasing an additional 723,188 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 3.0 %

Shares of Canadian Pacific Kansas City stock traded down $2.35 during midday trading on Tuesday, reaching $74.71. The company had a trading volume of 1,665,451 shares, compared to its average volume of 2,239,750. The firm has a market cap of $69.73 billion, a PE ratio of 27.51, a P/E/G ratio of 2.27 and a beta of 0.98. The stock has a fifty day moving average price of $80.14 and a 200 day moving average price of $80.41. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.27 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results 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 business 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 8.78% and a net margin of 24.50%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and reduced their target price for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Bank of America decreased their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Citigroup cut their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Barclays lifted their price objective 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. Finally, Stephens cut their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.