FORA Capital LLC Has $2.55 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

FORA Capital LLC boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 71.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,788 shares of the transportation company’s stock after purchasing an additional 12,445 shares during the period. FORA Capital LLC’s holdings in Canadian Pacific Kansas City were worth $2,548,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CP. SVB Wealth LLC grew its stake in shares of Canadian Pacific Kansas City by 11.7% in the first quarter. SVB Wealth LLC now owns 4,941 shares of the transportation company’s stock valued at $436,000 after buying an additional 518 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of 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 period. Redwood Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth about $639,000. Wahed Invest LLC raised its holdings in shares of Canadian Pacific Kansas City by 40.0% in the 1st quarter. Wahed Invest LLC now owns 10,144 shares of the transportation company’s stock valued at $895,000 after purchasing an additional 2,896 shares during the period. Finally, LRI Investments LLC acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at about $35,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded up $0.63 during midday trading on Wednesday, hitting $75.02. 348,583 shares of the company traded hands, compared to its average volume of 2,251,541. The stock has a market cap of $70.02 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.28 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm’s fifty day moving average price is $79.89 and its 200-day moving average price is $80.35. Canadian Pacific Kansas City Limited has a 12 month low of $69.66 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the company earned $0.69 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.14 per share. 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. This represents a $0.56 annualized dividend and a yield of 0.75%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.64%.

Wall Street Analyst Weigh In

CP has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Bank of America reduced their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Barclays increased their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Evercore ISI upped their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Finally, Stephens lowered 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. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.68.

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.