Mn Services Vermogensbeheer B.V. Takes $27.57 Million Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Mn Services Vermogensbeheer B.V. invested $27.57 million in Canadian Pacific Kansas City Limited, acquiring 347,800 shares during the second quarter.
• The company recently announced a dividend increase from $0.16 to $0.1651 per share, reflecting a dividend yield of 0.9%.
• Canadian Pacific Kansas City reported Q2 earnings of $0.81 EPS, slightly missing analysts' estimates, while revenue reached $2.72 billion, up 2.7% from last year.

Mn Services Vermogensbeheer B.V. bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 347,800 shares of the transportation company's stock, valued at approximately $27,574,000.

Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in shares of 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 worth $28,000 after acquiring an additional 256 shares in the last quarter. North Capital Inc. purchased a new position in shares of Canadian Pacific Kansas City in the first quarter worth $27,000. Cheviot Value Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter worth $30,000. Bernard Wealth Management Corp. purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at $31,000. Finally, Hexagon Capital Partners LLC increased its position in Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after purchasing an additional 164 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP stock traded up $0.08 during midday trading on Friday, hitting $75.69. The company's stock had a trading volume of 2,338,387 shares, compared to its average volume of 2,573,624. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $86.84. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $68.64 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06. The company has a 50 day moving average of $75.97 and a two-hundred day moving average of $76.39.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results 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 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 the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced 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. 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 currently 20.56%.

Analysts Set New Price Targets

CP has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Barclays boosted their target price on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday. One investment 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $92.30.

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.