Old West Investment Management LLC Has $5.11 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Old West Investment Management LLC grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,985 shares of the transportation company’s stock after purchasing an additional 6,955 shares during the period. Old West Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $5,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CP. Prosperity Bancshares Inc acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $29,000. McMillan Office Inc. acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $31,000. Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City during the third quarter valued at $36,000. Finally, Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City during the first quarter valued at $35,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $93.53 on Monday. The stock has a 50-day simple moving average of $89.72 and a 200 day simple moving average of $85.50. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $94.66. The stock has a market capitalization of $82.16 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 1.83 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is presently 25.08%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CP shares. Wells Fargo & Company upped their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Susquehanna lifted their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.