Canadian Pacific Kansas City Limited $CP Shares Bought by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB has increased its stake in Canadian Pacific Kansas City Limited by 15.7%, now owning 35,206 shares valued at approximately $2.79 million.
• Canadian Pacific Kansas City reported a quarterly EPS of $0.81, missing estimates, with revenue up 2.7% year-over-year.
• The company has declared a quarterly dividend increase to $0.1651, with a current dividend yield of 0.9%.

Wilmington Savings Fund Society FSB raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 15.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,206 shares of the transportation company's stock after acquiring an additional 4,776 shares during the period. Wilmington Savings Fund Society FSB's holdings in Canadian Pacific Kansas City were worth $2,791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Canadian Pacific Kansas City by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 113,117 shares of the transportation company's stock worth $7,942,000 after buying an additional 8,627 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of 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 buying an additional 22,606 shares during the period. QRG Capital Management Inc. boosted its position in shares of Canadian Pacific Kansas City by 19.3% during the first quarter. QRG Capital Management Inc. now owns 15,276 shares of the transportation company's stock worth $1,072,000 after buying an additional 2,476 shares during the period. Grove Bank & Trust boosted its position in shares of Canadian Pacific Kansas City by 815.1% during the first quarter. Grove Bank & Trust now owns 2,123 shares of the transportation company's stock worth $149,000 after buying an additional 1,891 shares during the period. Finally, Inscription Capital LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth approximately $179,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $76.84 on Thursday. The stock has a market capitalization of $69.68 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.15 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The business's fifty day moving average is $75.40 and its two-hundred day moving average is $76.58. 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 posted 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). The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. Canadian Pacific Kansas City's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. On average, research analysts forecast 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 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 $0.1651 dividend. This is an increase 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%. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio is currently 20.56%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. 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 upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Weiss Ratings restated a "hold (c+)" rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 8th. Susquehanna cut their target price on Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating for the company in a research report on Thursday, September 25th. Finally, National Bankshares restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average price target of $91.38.

About Canadian Pacific Kansas City

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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