Vanderbilt University Grows Stock Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Vanderbilt University increased its holdings in Canadian Pacific Kansas City by 10.3%, now owning 75,452 shares valued at approximately $5.98 million.
• Canadian Pacific Kansas City reported a quarterly earnings miss with $0.81 earnings per share compared to analysts' expectations of $0.82, though revenues were up 2.7% year-over-year.
• The company declared a quarterly dividend of $0.1651 per share, reflecting a yield of 0.9% and representing an increase from its previous dividend of $0.16.

Vanderbilt University lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,452 shares of the transportation company's stock after purchasing an additional 7,050 shares during the period. Canadian Pacific Kansas City comprises approximately 1.1% of Vanderbilt University's portfolio, making the stock its 16th largest position. Vanderbilt University's holdings in Canadian Pacific Kansas City were worth $5,982,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Canadian Pacific Kansas City by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company's stock worth $2,606,624,000 after purchasing an additional 364,515 shares during the last quarter. TD Asset Management Inc lifted its position in Canadian Pacific Kansas City by 0.5% in the first quarter. TD Asset Management Inc now owns 20,865,404 shares of the transportation company's stock valued at $1,464,094,000 after acquiring an additional 104,077 shares during the last quarter. Causeway Capital Management LLC lifted its position in Canadian Pacific Kansas City by 11.5% in the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company's stock valued at $1,207,605,000 after acquiring an additional 1,778,984 shares during the last quarter. Invesco Ltd. lifted its position in Canadian Pacific Kansas City by 59.5% in the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock valued at $1,192,471,000 after acquiring an additional 6,337,312 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Canadian Pacific Kansas City by 6.5% in the first quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company's stock valued at $1,147,220,000 after acquiring an additional 999,522 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 1.3%

Shares of Canadian Pacific Kansas City stock opened at $75.84 on Friday. 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 company's 50-day simple moving average is $75.14 and its 200-day simple moving average is $76.32. The firm has a market cap of $68.78 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly 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 firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The company's revenue was up 2.7% compared to the same quarter last year. As a group, 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 paid a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change 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 presently 20.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CP shares. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Barclays set a $90.00 price target on shares of Canadian Pacific Kansas City and gave the company an "overweight" rating in a research report on Thursday. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Finally, Susquehanna decreased their target price on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating for the company in a research note on Thursday, September 25th. One research 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 stock. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average price target of $91.80.

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.

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