Canadian Pacific Kansas City Limited $CP Shares Bought by Narwhal Capital Management

Key Points

• Narwhal Capital Management increased its stake in Canadian Pacific Kansas City Limited by 3.4%, owning 149,218 shares worth approximately $11.8 million.
• The company has reported a quarterly earnings miss with EPS of $0.81 against a consensus estimate of $0.82, alongside a revenue of $2.72 billion, which was less than expected.
• Canadian Pacific Kansas City announced an increase in its quarterly dividend to $0.1651 per share, reflecting a commitment to reward shareholders with a 0.9% yield.

Narwhal Capital Management grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 3.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 149,218 shares of the transportation company's stock after acquiring an additional 4,932 shares during the period. Canadian Pacific Kansas City comprises about 0.9% of Narwhal Capital Management's portfolio, making the stock its 27th largest holding. Narwhal Capital Management's holdings in Canadian Pacific Kansas City were worth $11,829,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Insight Partners LLC increased its position in Canadian Pacific Kansas City by 0.4% during the first quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock worth $2,858,000 after buying an additional 143 shares during the last quarter. Davidson Trust Co. increased its position in Canadian Pacific Kansas City by 3.2% during the first quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock worth $327,000 after buying an additional 144 shares during the last quarter. Redmond Asset Management LLC increased its position in Canadian Pacific Kansas City by 0.5% during the first quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company's stock worth $2,220,000 after buying an additional 148 shares during the last quarter. Tradewinds LLC. increased its position in Canadian Pacific Kansas City by 3.8% during the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock worth $304,000 after buying an additional 157 shares during the last quarter. Finally, Financial Partners Group Inc increased its position in Canadian Pacific Kansas City by 0.3% during the first quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company's stock worth $3,464,000 after buying an additional 158 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Down 0.1%

Shares of NYSE:CP opened at $77.68 on Thursday. The company has a market cap of $70.45 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.18 and a beta of 1.08. The stock's 50-day moving average is $75.25 and its 200-day moving average is $76.44. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (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 business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business 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 is Friday, September 26th. This is a boost 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 dividend payout ratio is 20.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CP shares. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. National Bankshares reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. National Bank Financial raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Finally, Susquehanna lowered their price target on Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating on the stock in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average target price of $91.85.

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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