Louisbourg Investments Inc. Has $2.28 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Louisbourg Investments Inc. reduced its holdings in Canadian Pacific Kansas City Limited by 12.4% in the second quarter, owning 28,709 shares valued at approximately $2.28 million after selling 4,064 shares.
• Canadian Pacific Kansas City reported earnings per share (EPS) of $0.81 for the last quarter, missing analysts' expectations by $0.01 despite a year-over-year revenue increase of 2.7% to $2.72 billion.
• The company announced a quarterly dividend of $0.1651 per share, an increase from the previous quarter's dividend, with an annualized yield of 0.9% and a payout ratio of 20.56%.

Louisbourg Investments Inc. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 12.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,709 shares of the transportation company's stock after selling 4,064 shares during the quarter. Louisbourg Investments Inc.'s holdings in Canadian Pacific Kansas City were worth $2,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CP. Assenagon Asset Management S.A. increased its stake in shares of Canadian Pacific Kansas City by 1.0% in the first quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company's stock valued at $2,012,000 after buying an additional 290 shares in the last quarter. CX Institutional acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $61,000. Simon Quick Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 25.3% in the first quarter. Simon Quick Advisors LLC now owns 5,223 shares of the transportation company's stock valued at $367,000 after buying an additional 1,056 shares in the last quarter. NorthCrest Asset Manangement LLC increased its stake in shares of Canadian Pacific Kansas City by 2.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 223,044 shares of the transportation company's stock valued at $15,660,000 after buying an additional 6,046 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Canadian Pacific Kansas City by 8.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 113,117 shares of the transportation company's stock valued at $7,942,000 after acquiring an additional 8,627 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of CP 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. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The stock has a market cap of $67.93 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The stock's 50-day moving average price is $75.34 and its two-hundred day moving average price is $76.47.

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 analysts' consensus estimates 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 company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the business posted $1.05 EPS. Canadian Pacific Kansas City's quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

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

Analyst Ratings Changes

CP has been the topic of several recent research reports. Stephens raised their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Citigroup raised their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Susquehanna decreased their price target on 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. Weiss Ratings reiterated a "hold (c+)" rating on shares of Canadian Pacific Kansas City in a report on Wednesday. Finally, National Bankshares reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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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