Soros Fund Management LLC Acquires 109,280 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Soros Fund Management LLC increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 66.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 273,711 shares of the transportation company's stock after buying an additional 109,280 shares during the quarter. Soros Fund Management LLC's holdings in Canadian Pacific Kansas City were worth $19,808,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CP. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at $33,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $34,000. YANKCOM Partnership acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $36,000. Millstone Evans Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Finally, Curio Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $39,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 3.0 %

NYSE:CP traded up $2.21 during trading hours on Friday, reaching $74.94. The company had a trading volume of 4,017,678 shares, compared to its average volume of 2,723,277. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market cap of $69.71 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 2.00 and a beta of 1.01. The business's 50-day simple moving average is $73.22 and its two-hundred day simple moving average is $75.32.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.93 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts expect 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 announced 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 0.88%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 17.93%.

Analysts Set New Price Targets

A number of research firms have weighed in on CP. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Jefferies Financial Group reduced their price target on 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. Finally, Stephens raised their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. 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 presently has a consensus rating of "Moderate Buy" and an average target price of $90.71.

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.