Fisher Asset Management LLC Increases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Fisher Asset Management LLC boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,353,769 shares of the transportation company’s stock after buying an additional 126,602 shares during the quarter. Fisher Asset Management LLC’s holdings in Canadian Pacific Kansas City were worth $115,801,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. LRI Investments LLC purchased a new stake in Canadian Pacific Kansas City in the 1st quarter worth about $32,000. SVB Wealth LLC boosted its holdings in Canadian Pacific Kansas City by 11.7% during the 1st quarter. SVB Wealth LLC now owns 4,941 shares of the transportation company’s stock valued at $436,000 after acquiring an additional 518 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Canadian Pacific Kansas City by 19.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,076 shares of the transportation company’s stock valued at $1,594,000 after acquiring an additional 2,976 shares during the last quarter. Redwood Investment Management LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter worth $639,000. Finally, SkyView Investment Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 13.8% during the first quarter. SkyView Investment Advisors LLC now owns 65,670 shares of the transportation company’s stock worth $5,790,000 after purchasing an additional 7,968 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CP shares. Stephens cut their price target on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Barclays increased their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price objective for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, Bank of America cut their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.68.

Canadian Pacific Kansas City Trading Up 0.4 %

NYSE CP opened at $77.02 on Tuesday. Canadian Pacific Kansas City Limited has a 12-month low of $69.27 and a 12-month high of $91.58. The company has a fifty day simple moving average of $80.14 and a two-hundred day simple moving average of $80.41. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market cap of $71.89 billion, a P/E ratio of 27.51, a P/E/G ratio of 2.27 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.73%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 19.64%.

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.