Sone Capital Management LLC Acquires New Shares in Canadian Pacific Kansas City Limited (NYSE:CP)

Sone Capital Management LLC bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 93,168 shares of the transportation company's stock, valued at approximately $6,745,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CP. Proficio Capital Partners LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $2,602,000. Oak Family Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $262,000. Barclays PLC lifted its stake in shares of Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock valued at $250,602,000 after buying an additional 81,111 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth $249,000. Finally, Phraction Management LLC grew its holdings in Canadian Pacific Kansas City by 53.6% during the fourth quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock worth $963,000 after buying an additional 4,641 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

CP traded down $0.27 during trading on Friday, hitting $80.13. 2,040,245 shares of the company traded hands, compared to its average volume of 2,802,102. The firm has a market cap of $74.56 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The stock's fifty day moving average is $74.00 and its 200 day moving average is $75.26. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities 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, July 28th. Stockholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio is currently 21.28%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Evercore ISI decreased their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Barclays decreased their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Finally, Jefferies Financial Group dropped their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.63.

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.