Findlay Park Partners LLP Has $229.87 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Findlay Park Partners LLP increased its holdings in Canadian Pacific Kansas City Limited ($CP) by 1.4%, owning approximately $229.87 million worth of shares as of its latest SEC filing.
• Recent institutional activity includes First Trust Advisors LP increasing its stake by 29.9% and Dimensional Fund Advisors LP raising its position by 96.1% during the fourth quarter.
• Canadian Pacific Kansas City announced a quarterly dividend increase to $0.1651 per share, representing a yield of 0.9% and a payout ratio of 20.25%.

Findlay Park Partners LLP increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,274,096 shares of the transportation company's stock after buying an additional 44,000 shares during the quarter. Canadian Pacific Kansas City accounts for approximately 2.4% of Findlay Park Partners LLP's holdings, making the stock its 13th biggest position. Findlay Park Partners LLP owned approximately 0.35% of Canadian Pacific Kansas City worth $229,874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CP. Cornerstone Planning Group LLC boosted its position in Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after purchasing an additional 256 shares during the last quarter. North Capital Inc. acquired a new stake in Canadian Pacific Kansas City during the first quarter valued at $27,000. Cheviot Value Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $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 buying an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CP. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Citigroup lifted their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Bank of America boosted their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Saturday, August 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.30.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded down $0.04 during trading hours on Friday, hitting $76.23. The company had a trading volume of 1,950,293 shares, compared to its average volume of 3,255,982. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The firm has a market capitalization of $69.64 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.13 and a beta of 1.06. The firm's fifty day moving average is $77.30 and its 200 day moving average is $76.53. 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 released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share 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 during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company's revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a $0.1651 dividend. 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. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 20.56%.

Canadian Pacific Kansas City 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.