111 Capital Sells 10,837 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• 111 Capital has reduced its holdings in Canadian Pacific Kansas City Limited by 37.1%, selling 10,837 shares during the second quarter, leaving them with 18,410 shares valued at approximately $1.46 million.
• GAMMA Investing LLC significantly increased its investment in Canadian Pacific Kansas City by 5,799.2% during the first quarter, acquiring an additional 169,858 shares.
• The company has declared a quarterly dividend of $0.1651 per share, increasing from a previous dividend of $0.16, indicating a commitment to returning value to shareholders.

111 Capital reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 37.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,410 shares of the transportation company's stock after selling 10,837 shares during the quarter. 111 Capital's holdings in Canadian Pacific Kansas City were worth $1,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Canadian Pacific Kansas City by 5,799.2% in the 1st quarter. GAMMA Investing LLC now owns 172,787 shares of the transportation company's stock worth $12,131,000 after purchasing an additional 169,858 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Canadian Pacific Kansas City by 103.3% during the first quarter. Merit Financial Group LLC now owns 8,104 shares of the transportation company's stock valued at $569,000 after buying an additional 4,118 shares during the period. Fulton Bank N.A. raised its stake in Canadian Pacific Kansas City by 17.1% in the first quarter. Fulton Bank N.A. now owns 3,437 shares of the transportation company's stock worth $241,000 after buying an additional 502 shares in the last quarter. RFG Advisory LLC lifted its holdings in Canadian Pacific Kansas City by 2.4% in the first quarter. RFG Advisory LLC now owns 7,602 shares of the transportation company's stock worth $534,000 after buying an additional 176 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Canadian Pacific Kansas City by 21.1% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,976 shares of the transportation company's stock valued at $139,000 after acquiring an additional 344 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CP shares. Stephens increased their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Susquehanna decreased their price objective on Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating for the company in a report on Thursday, September 25th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Citigroup upped 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 report on Wednesday, July 9th. Finally, Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $91.80.

Canadian Pacific Kansas City Trading Up 2.3%

NYSE CP opened at $77.60 on Friday. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. 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 stock's fifty day moving average price is $75.16 and its 200-day moving average price is $76.35. The stock has a market cap of $70.38 billion, a P/E ratio of 24.17, a P/E/G ratio of 2.13 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. The business's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City's payout ratio is 20.56%.

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.

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