McCollum Christoferson Group LLC Buys 567 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

McCollum Christoferson Group LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,150 shares of the transportation company’s stock after acquiring an additional 567 shares during the quarter. Canadian Pacific Kansas City makes up about 1.5% of McCollum Christoferson Group LLC’s portfolio, making the stock its 28th biggest position. McCollum Christoferson Group LLC’s holdings in Canadian Pacific Kansas City were worth $5,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CP. GAMMA Investing LLC boosted its position in shares of Canadian Pacific Kansas City by 12.1% in the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after purchasing an additional 133 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $139,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Canadian Pacific Kansas City by 25.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the transportation company’s stock worth $90,000 after purchasing an additional 209 shares in the last quarter. Foster Group Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $405,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $392,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CP. Evercore ISI raised their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Susquehanna raised their target price on Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein reduced their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Finally, Barclays raised 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. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.90.

Canadian Pacific Kansas City Trading Up 0.7 %

Shares of Canadian Pacific Kansas City stock opened at $81.98 on Thursday. The stock has a market cap of $76.49 billion, a P/E ratio of 26.28, a P/E/G ratio of 2.21 and a beta of 0.96. The stock’s 50 day simple moving average is $82.73 and its 200-day simple moving average is $81.77. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. Analysts predict that Canadian Pacific Kansas City Limited will post 3.2 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 given a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

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.