Savant Capital LLC Raises Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Savant Capital LLC boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 27,450 shares of the transportation company’s stock after purchasing an additional 334 shares during the period. Savant Capital LLC’s holdings in Canadian Pacific Kansas City were worth $2,161,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $32,000. ORG Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth $39,000. Tobam acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $51,000. Partnership Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $52,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $76,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CP. Susquehanna reiterated a “neutral” rating and issued a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Barclays reduced their price objective on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Stifel Nicolaus raised their price objective on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company began coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.36.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $84.65 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The stock has a market cap of $79.00 billion, a P/E ratio of 27.13, a PEG ratio of 2.35 and a beta of 0.96. The company has a 50-day moving average of $81.17 and a two-hundred day moving average of $82.49. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.65%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

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.