168,771 Shares in Canadian Pacific Kansas City Limited $CP Purchased by Yaupon Capital Management LP

Key Points

• Yaupon Capital Management LP has invested approximately $11.85 million in Canadian Pacific Kansas City Limited (NYSE: CP) by acquiring 168,771 shares during the first quarter.
• Canadian Pacific recently reported earnings per share of $0.81 for the latest quarter, which was below the analysts' expectations of $0.82, with revenues of $2.72 billion.
• The company has increased its quarterly dividend to $0.1651, representing an annual yield of 0.9%, with a payout ratio of 20.56%.

Yaupon Capital Management LP purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 168,771 shares of the transportation company's stock, valued at approximately $11,849,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital Insight Partners LLC raised its stake in Canadian Pacific Kansas City by 0.4% during the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock worth $2,858,000 after acquiring an additional 143 shares in the last quarter. Davidson Trust Co. boosted its stake in Canadian Pacific Kansas City by 3.2% in the first quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock valued at $327,000 after acquiring an additional 144 shares in the last quarter. Redmond Asset Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 0.5% during the first quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company's stock worth $2,220,000 after purchasing an additional 148 shares during the last quarter. Tradewinds LLC. increased its position in shares of Canadian Pacific Kansas City by 3.8% during the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock worth $304,000 after purchasing an additional 157 shares in the last quarter. Finally, Financial Partners Group Inc lifted its holdings in shares of Canadian Pacific Kansas City by 0.3% in the 1st quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company's stock valued at $3,464,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of research reports. Citigroup boosted their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Barclays lifted their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Susquehanna reiterated a "positive" rating and set a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Saturday, August 23rd. Finally, Bank of America upped their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.30.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down $0.57 during trading hours on Friday, reaching $75.14. 1,571,004 shares of the stock were exchanged, compared to its average volume of 3,176,930. The stock has a market cap of $68.14 billion, a P/E ratio of 23.41, a P/E/G ratio of 2.08 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The firm's 50 day moving average is $76.63 and its 200 day moving average is $76.43.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its 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 net margin of 28.05% and a return on equity of 8.69%. The firm had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the previous year, the firm earned $1.05 EPS. The firm's revenue was up 2.7% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a $0.1651 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost 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%.

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.