Canadian Pacific Kansas City Limited (NYSE:CP) Stake Boosted by 11 Capital Partners LP

11 Capital Partners LP grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 70.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 350,376 shares of the transportation company’s stock after purchasing an additional 144,884 shares during the quarter. Canadian Pacific Kansas City makes up approximately 10.2% of 11 Capital Partners LP’s portfolio, making the stock its 4th biggest position. 11 Capital Partners LP’s holdings in Canadian Pacific Kansas City were worth $25,357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CP. Kestra Investment Management LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth $33,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $34,000. YANKCOM Partnership purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $36,000. Millstone Evans Group LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter worth about $36,000. Finally, Curio Wealth LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $39,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.0 %

Canadian Pacific Kansas City stock opened at $71.79 on Tuesday. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The stock has a fifty day moving average of $73.56 and a 200 day moving average of $75.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market cap of $66.78 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 28th were given a dividend of $0.1318 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.73%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Stephens lifted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Citigroup cut their target price on Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Susquehanna dropped their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday, March 27th. Finally, Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Two equities 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 company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $91.33.

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.