Canadian Pacific Kansas City Limited $CP Stock Holdings Raised by 11 Capital Partners LP

Key Points

• 11 Capital Partners LP increased its stake in Canadian Pacific Kansas City Limited by 8.2% during the first quarter, bringing its holdings to approximately $26.62 million.
• Canadian Pacific Kansas City reported $0.81 earnings per share, missing the estimated $0.82, with revenues totaling $2.72 billion for the quarter.
• The company declared a quarterly dividend of $0.1651, marking an increase from the previous dividend of $0.16, with a current yield of 0.9%.

11 Capital Partners LP lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,201 shares of the transportation company's stock after purchasing an additional 28,825 shares during the quarter. Canadian Pacific Kansas City comprises 8.8% of 11 Capital Partners LP's investment portfolio, making the stock its 4th biggest holding. 11 Capital Partners LP's holdings in Canadian Pacific Kansas City were worth $26,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in Canadian Pacific Kansas City by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company's stock worth $74,807,000 after buying an additional 31,508 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Canadian Pacific Kansas City by 70.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company's stock worth $421,000 after purchasing an additional 2,467 shares during the period. CX Institutional bought a new position in Canadian Pacific Kansas City during the first quarter worth about $61,000. Janney Montgomery Scott LLC boosted its position in Canadian Pacific Kansas City by 28.8% during the first quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company's stock worth $7,106,000 after purchasing an additional 22,606 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Canadian Pacific Kansas City by 1.0% during the first quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company's stock worth $2,012,000 after purchasing an additional 290 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CP has been the subject of a number of research reports. Barclays increased their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Bank of America increased their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Wall Street Zen upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Saturday, August 23rd. The Goldman Sachs Group reiterated a "neutral" rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Finally, Citigroup increased their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down $0.12 on Friday, hitting $76.64. 2,393,127 shares of the company traded hands, compared to its average volume of 2,743,303. The firm's 50-day simple moving average is $77.06 and its 200 day simple moving average is $76.48. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The company has a market cap of $70.02 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.15 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. Analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City's payout ratio is presently 20.25%.

Canadian Pacific Kansas City 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.