Scotia Capital Inc. Purchases 167,793 Shares of Canadian Pacific Kansas City Limited $CP

Scotia Capital Inc. grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,701,787 shares of the transportation company's stock after acquiring an additional 167,793 shares during the period. Canadian Pacific Kansas City accounts for approximately 1.4% of Scotia Capital Inc.'s investment portfolio, making the stock its 22nd biggest holding. Scotia Capital Inc. owned approximately 0.41% of Canadian Pacific Kansas City worth $293,232,000 at the end of the most recent quarter.

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Several other hedge funds have also recently made changes to their positions in the business. HB Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter worth approximately $381,000. Vestcor Inc acquired a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $1,306,000. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 1.6% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 14,057 shares of the transportation company's stock worth $987,000 after buying an additional 222 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in shares of Canadian Pacific Kansas City by 2.1% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 32,120 shares of the transportation company's stock worth $2,255,000 after buying an additional 665 shares in the last quarter. Finally, EagleClaw Capital Managment LLC grew its position in shares of Canadian Pacific Kansas City by 39.3% during the 1st quarter. EagleClaw Capital Managment LLC now owns 19,451 shares of the transportation company's stock worth $1,366,000 after buying an additional 5,490 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $72.17 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The stock has a market cap of $64.75 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The stock's fifty day simple moving average is $73.51 and its two-hundred day simple moving average is $76.59. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65.

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Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the company earned $0.99 EPS. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a $0.228 dividend. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 annualized dividend and a yield of 1.3%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 19.51%.

Wall Street Analyst Weigh In

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A number of research analysts recently issued reports on CP shares. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the company an "overweight" rating in a research report on Thursday, October 2nd. Citigroup lowered their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Monday, October 13th. Royal Bank Of Canada cut their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an "outperform" rating on the stock in a report on Thursday, October 30th. Susquehanna set a $87.00 price target on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.69.

Check Out Our Latest Analysis on Canadian Pacific Kansas City

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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