Fox Run Management L.L.C. Acquires Shares of 8,113 Canadian Pacific Kansas City Limited $CP

Key Points

• Fox Run Management L.L.C. has acquired 8,113 shares of Canadian Pacific Kansas City Limited, amounting to an investment of approximately $570,000.
• Canadian Pacific recently announced an increase in its quarterly dividend to $0.1651 per share, representing a 0.9% yield.
• The company's stock has a market cap of $67.88 billion and recently reported quarterly earnings with a net margin of 28.05%.

Fox Run Management L.L.C. bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,113 shares of the transportation company's stock, valued at approximately $570,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CP. Vanguard Group Inc. lifted its position in Canadian Pacific Kansas City by 1.0% during the first quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company's stock valued at $2,606,624,000 after purchasing an additional 364,515 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Canadian Pacific Kansas City by 0.5% during the 1st quarter. TD Asset Management Inc now owns 20,865,404 shares of the transportation company's stock worth $1,464,094,000 after acquiring an additional 104,077 shares during the last quarter. Invesco Ltd. grew its position in Canadian Pacific Kansas City by 59.5% in the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock worth $1,192,471,000 after acquiring an additional 6,337,312 shares in the last quarter. Mackenzie Financial Corp increased its stake in Canadian Pacific Kansas City by 6.5% in the first quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company's stock valued at $1,147,220,000 after acquiring an additional 999,522 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Canadian Pacific Kansas City by 11.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after purchasing an additional 1,262,913 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CP. 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 report on Thursday, May 1st. Bank of America upped their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Stephens lifted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Finally, Royal Bank Of Canada reduced their target price on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $92.30.

Canadian Pacific Kansas City Trading Up 2.2%

CP traded up $1.6110 during trading on Friday, hitting $74.8410. 3,605,612 shares of the stock traded hands, compared to its average volume of 3,221,307. The firm has a market capitalization of $68.38 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 2.08 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. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The firm has a 50-day moving average of $77.88 and a 200 day moving average of $76.63.

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

Canadian Pacific Kansas City Increases Dividend

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