Conway Capital Management Inc. Invests $1.31 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

Conway Capital Management Inc. purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,358 shares of the transportation company’s stock, valued at approximately $1,314,000. Canadian Pacific Kansas City makes up approximately 0.6% of Conway Capital Management Inc.’s holdings, making the stock its 24th biggest holding.

A number of other institutional investors also recently modified their holdings of CP. S&CO Inc. raised its holdings in Canadian Pacific Kansas City by 183.3% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after acquiring an additional 11,000 shares during the period. Swiss National Bank lifted its holdings in Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after purchasing an additional 23,000 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $11,810,000. GSA Capital Partners LLP bought a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $696,000. Finally, Raymond James & Associates grew its holdings in Canadian Pacific Kansas City by 1.5% during the 2nd quarter. Raymond James & Associates now owns 778,881 shares of the transportation company’s stock valued at $61,321,000 after buying an additional 11,416 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $75.58 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a fifty-two week low of $72.22 and a fifty-two week high of $91.58. The firm has a market cap of $70.54 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 2.24 and a beta of 0.96. The business has a 50 day moving average price of $78.10 and a 200-day moving average price of $80.00.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the company earned $0.69 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 20.00%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Evercore ISI raised their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Stifel Nicolaus lowered their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Stephens reduced their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Finally, Barclays upped their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.88.

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.