Encompass Capital Advisors LLC Buys Shares of 564,311 Canadian Pacific Kansas City Limited (NYSE:CP)

Encompass Capital Advisors LLC acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 564,311 shares of the transportation company's stock, valued at approximately $40,839,000. Canadian Pacific Kansas City makes up approximately 1.6% of Encompass Capital Advisors LLC's holdings, making the stock its 26th biggest holding. Encompass Capital Advisors LLC owned about 0.06% of Canadian Pacific Kansas City at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $33,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $36,000. Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $36,000. Finally, Curio Wealth LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $39,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.6%

Shares of NYSE CP traded down $0.46 during mid-day trading on Friday, reaching $73.31. The company had a trading volume of 2,471,047 shares, compared to its average volume of 2,741,674. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market capitalization of $68.21 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The stock's 50 day moving average is $72.94 and its 200-day moving average is $75.04.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the business posted $0.93 earnings per share. Canadian Pacific Kansas City's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a $0.1644 dividend. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. Canadian Pacific Kansas City's dividend payout ratio is 21.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CP shares. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Citigroup cut their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Evercore ISI cut their price objective on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Royal Bank of Canada cut their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average target price of $90.71.

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.