Clarendon Private LLC Takes Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Clarendon Private LLC has acquired a new stake in Canadian Pacific Kansas City Limited, purchasing 5,327 shares valued at approximately $422,000 during the 2nd quarter.
• The company recently reported $0.81 EPS for the quarter, slightly missing analysts' expectations, alongside a revenue of $2.72 billion, which also fell short of estimates.
• Canadian Pacific Kansas City has announced an increase in its quarterly dividend to $0.1651 per share, which will be paid on October 27th, reflecting a modest yield of 0.9%.

Clarendon Private LLC bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,327 shares of the transportation company's stock, valued at approximately $422,000.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Canadian Pacific Kansas City by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company's stock valued at $74,807,000 after buying an additional 31,508 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Canadian Pacific Kansas City by 70.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company's stock valued at $421,000 after purchasing an additional 2,467 shares during the last quarter. CX Institutional bought a new position in Canadian Pacific Kansas City during the 1st quarter valued at about $61,000. Vanderbilt University grew its holdings in Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company's stock valued at $5,982,000 after purchasing an additional 7,050 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Canadian Pacific Kansas City by 28.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company's stock valued at $7,106,000 after purchasing an additional 22,606 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $74.90 on Friday. 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 company has a market capitalization of $67.93 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.11 and a beta of 1.08. The company's 50-day simple moving average is $75.34 and its two-hundred day simple moving average is $76.49. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its 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). 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 return on equity of 8.69% and a net margin of 28.05%.Canadian Pacific Kansas City's revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's payout ratio is 20.56%.

Wall Street Analyst Weigh In

CP has been the topic of several analyst reports. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating on the stock in a report on Thursday, September 25th. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. National Bankshares reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Finally, Stephens upped their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.85.

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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