Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by M.D. Sass LLC

Key Points

• M.D. Sass LLC has increased its stake in Canadian Pacific Kansas City by 1.4%, acquiring an additional 12,227 shares, which brings its total ownership to approximately 856,161 shares valued at $60.1 million.
• Canadian Pacific Kansas City reported a missed earnings estimate with Q2 EPS of $0.81, slightly below the expected $0.82, and a revenue of $2.72 billion, below consensus estimates of $2.76 billion.
• The company recently announced a quarterly dividend increase from $0.16 to $0.1651, reflecting a dividend yield of 0.9% and a payout ratio of 20.56%.

M.D. Sass LLC grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 856,161 shares of the transportation company's stock after purchasing an additional 12,227 shares during the quarter. Canadian Pacific Kansas City comprises approximately 5.3% of M.D. Sass LLC's portfolio, making the stock its 8th biggest holding. M.D. Sass LLC owned 0.09% of Canadian Pacific Kansas City worth $60,111,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Causeway Capital Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 76.5% in the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after buying an additional 6,687,770 shares in the last quarter. Invesco Ltd. raised its stake in Canadian Pacific Kansas City by 25.7% in the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock valued at $770,526,000 after purchasing an additional 2,177,604 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $126,928,000. Allspring Global Investments Holdings LLC raised its stake in Canadian Pacific Kansas City by 44.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock valued at $351,723,000 after purchasing an additional 1,516,684 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Canadian Pacific Kansas City by 11.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after purchasing an additional 1,262,913 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded up $0.22 during midday trading on Tuesday, reaching $74.62. 1,132,015 shares of the stock traded hands, compared to its average volume of 3,219,498. The company's 50 day moving average is $79.62 and its 200 day moving average is $76.95. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The stock has a market capitalization of $68.50 billion, a PE ratio of 23.26, a P/E/G ratio of 2.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share 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 business had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter in the previous year, the business earned $1.05 EPS. The business's revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

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

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Royal Bank Of Canada decreased their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Citigroup boosted their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average price target of $92.30.

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.