Canadian Pacific Kansas City Limited $CP Shares Newly Acquired by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC acquired 15,354 shares of Canadian Pacific Kansas City in the third quarter, valued at approximately $1.31 million. Institutional investors and hedge funds collectively own 72.2% of the company.
• CP shares recently rose 0.5% to $86.13, while the company reported quarterly revenue of $2.93 billion and adjusted earnings of $0.92 per share, both exceeding analyst expectations.
• Canadian Pacific Kansas City declared a quarterly dividend of C$0.27, equivalent to an annualized yield of about 1.2%. Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $111.83.

Sanders Morris Harris LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,354 shares of the transportation company's stock, valued at approximately $1,311,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in Canadian Pacific Kansas City by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company's stock worth $304,000 after acquiring an additional 130 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 4.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,516 shares of the transportation company's stock worth $305,000 after purchasing an additional 134 shares during the period. Foster Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 3.3% during the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company's stock worth $371,000 after purchasing an additional 137 shares during the period. Modern Wealth Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% during the first quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company's stock worth $950,000 after purchasing an additional 142 shares during the last quarter. Finally, Altshuler Shaham Ltd boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% during the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company's stock worth $926,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.5%

NYSE:CP traded up $0.40 during trading hours on Wednesday, reaching $86.13. 3,122,676 shares of the company were exchanged, compared to its average volume of 2,669,948. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The firm has a market cap of $75.37 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.79 and a beta of 1.13. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90. The stock has a 50 day simple moving average of $89.82 and a 200 day simple moving average of $87.74.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the company posted $1.12 EPS. The business's quarterly revenue was up 12.6% on a year-over-year basis. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.70 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a C$0.27 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 24.76%.

Analyst Ratings Changes

CP has been the subject of several analyst reports. Weiss Ratings upgraded Canadian Pacific Kansas City from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 8th. Zacks Research upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 30th. Stephens raised Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 8th. Canadian Imperial Bank of Commerce lifted their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an "outperformer" rating in a report on Thursday, June 25th. Finally, Evercore set a $99.00 price target on Canadian Pacific Kansas City in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average price target of $111.83.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited NYSE: CP is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.

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