Sage Mountain Advisors LLC Acquires New Holdings in Canadian Pacific Kansas City Limited $CP

Sage Mountain Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,826 shares of the transportation company’s stock, valued at approximately $224,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Canadian Pacific Kansas City by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock valued at $74,807,000 after purchasing an additional 31,508 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in Canadian Pacific Kansas City by 70.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock valued at $421,000 after purchasing an additional 2,467 shares in the last quarter. Vanderbilt University boosted its position in Canadian Pacific Kansas City by 10.3% during the second quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock valued at $5,982,000 after purchasing an additional 7,050 shares in the last quarter. Ninety One North America Inc. boosted its position in Canadian Pacific Kansas City by 135.7% during the second quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock valued at $16,394,000 after purchasing an additional 119,052 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in Canadian Pacific Kansas City by 0.7% during the second quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock valued at $1,665,106,000 after purchasing an additional 136,970 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.6%

Shares of NYSE:CP opened at $75.45 on Monday. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65. The stock has a market cap of $68.43 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.14 and a beta of 1.08. 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 business has a 50-day moving average price of $75.57 and a 200-day moving average price of $76.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly 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). The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a dividend of $0.1651 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.56%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CP. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 8th. Finally, National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

About Canadian Pacific Kansas City

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.