Notis McConarty Edward Invests $436,000 in Canadian Pacific Kansas City Limited $CP

Key Points

• Notis McConarty Edward invested approximately $436,000 in Canadian Pacific Kansas City Limited by acquiring 5,500 shares during the second quarter.
• The company recently declared an increased quarterly dividend, now set at $0.1651 per share, reflecting a boost from the previous $0.16 dividend.
• Canadian Pacific Kansas City's latest earnings report showed an EPS of $0.81, falling short of analysts' expectations, but its revenue increased by 2.7% year-over-year.

Notis McConarty Edward acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,500 shares of the transportation company's stock, valued at approximately $436,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System grew its stake in shares of Canadian Pacific Kansas City by 0.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 88,027 shares of the transportation company's stock worth $6,981,000 after purchasing an additional 529 shares during the period. Dempze Nancy E grew its stake in shares of Canadian Pacific Kansas City by 27.7% during the 2nd quarter. Dempze Nancy E now owns 5,134 shares of the transportation company's stock worth $407,000 after purchasing an additional 1,114 shares during the period. Narwhal Capital Management grew its stake in shares of Canadian Pacific Kansas City by 3.4% during the 2nd quarter. Narwhal Capital Management now owns 149,218 shares of the transportation company's stock worth $11,829,000 after purchasing an additional 4,932 shares during the period. Mirova US LLC grew its stake in shares of Canadian Pacific Kansas City by 1.2% during the 2nd quarter. Mirova US LLC now owns 2,182,880 shares of the transportation company's stock worth $173,037,000 after purchasing an additional 25,345 shares during the period. Finally, Triasima Portfolio Management inc. acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at $2,989,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Down 0.1%

Shares of CP opened at $77.68 on Thursday. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65. 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's fifty day moving average is $75.25 and its two-hundred day moving average is $76.44. The stock has a market cap of $70.45 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08.

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 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 company had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The firm's revenue was up 2.7% on a year-over-year basis. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

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

Wall Street Analyst Weigh In

CP has been the topic of a number of research analyst reports. Barclays set a $90.00 price target on shares of Canadian Pacific Kansas City and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Wall Street Zen cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Weiss Ratings reissued a "hold (c+)" rating on shares of Canadian Pacific Kansas City in a research note on Wednesday. Susquehanna dropped their price target on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating on the stock in a research note on Thursday, September 25th. Finally, Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.85.

Canadian Pacific Kansas City Company 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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