Inspire Investing LLC Takes Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Inspire Investing LLC acquired 32,349 shares of Canadian Pacific Kansas City Limited, valued at approximately $2.56 million, during the second quarter.
• The company recently declared an increased quarterly dividend of $0.1651 per share, resulting in an annualized dividend yield of 0.9%.
• Canadian Pacific Kansas City reported a quarterly EPS of $0.81, slightly below the consensus estimate, with revenues of $2.72 billion, reflecting a year-over-year increase of 2.7%.

Inspire Investing LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 32,349 shares of the transportation company's stock, valued at approximately $2,564,000.

A number of other hedge funds also recently made changes to their positions in CP. Bank of New York Mellon Corp grew its holdings in 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 worth $74,807,000 after acquiring an additional 31,508 shares during 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 worth $421,000 after acquiring an additional 2,467 shares during the last quarter. CX Institutional bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $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 worth $5,982,000 after acquiring 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 worth $7,106,000 after acquiring an additional 22,606 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 1.1%

CP stock opened at $74.90 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The company's 50 day moving average is $75.34 and its 200 day moving average is $76.47. The stock has a market cap of $67.93 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.14 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.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm 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 business posted $1.05 EPS. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. The ex-dividend date is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio is presently 20.56%.

Analysts Set New Price Targets

CP has been the topic of a number of analyst reports. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. National Bankshares reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Stephens upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.85.

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.

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