Canadian Pacific Kansas City Limited $CP Position Increased by Soros Capital Management LLC

Key Points

• Soros Capital Management LLC increased its position in Canadian Pacific Kansas City Limited by 129.7%, owning 65,341 shares valued at approximately $4.59 million.
• Canadian Pacific Kansas City declared a quarterly dividend of $0.1651 per share, raising it from $0.16, with an annualized dividend yield of 0.9%.
• Analysts have raised their price targets for CP, with Bank of America increasing it from $82 to $90 and Citigroup from $89 to $94, indicating a positive outlook on the stock.

Soros Capital Management LLC raised its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 129.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,341 shares of the transportation company's stock after buying an additional 36,890 shares during the quarter. Canadian Pacific Kansas City accounts for 1.2% of Soros Capital Management LLC's portfolio, making the stock its 22nd largest position. Soros Capital Management LLC's holdings in Canadian Pacific Kansas City were worth $4,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. North Capital Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted its position in shares of Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Cheviot Value Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter worth approximately $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $31,000. Finally, Hexagon Capital Partners LLC lifted its position in shares of Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after purchasing an additional 164 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 2.2%

Shares of CP stock opened at $74.8380 on Monday. 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 quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The business's 50 day moving average is $77.77 and its two-hundred day moving average is $76.60. The company has a market cap of $68.37 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06.

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 EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the business earned $1.05 EPS. The company's revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts predict 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. Shareholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a yield of 0.9%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio is 20.56%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CP shares. Bank of America increased their price target 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. Citigroup increased their price target 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. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Finally, Evercore ISI cut their price objective on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $92.30.

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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