Sei Investments Co. Grows Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Sei Investments Co. lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 679,129 shares of the transportation company’s stock after purchasing an additional 60,936 shares during the period. Sei Investments Co. owned 0.07% of Canadian Pacific Kansas City worth $53,468,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. JARISLOWSKY FRASER Ltd raised its stake in shares of Canadian Pacific Kansas City by 63.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock valued at $7,127,000 after buying an additional 34,856 shares during the period. Meritage Group LP purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $207,850,000. The Manufacturers Life Insurance Company boosted its position in Canadian Pacific Kansas City by 4.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock worth $948,585,000 after purchasing an additional 507,177 shares during the period. Choate Investment Advisors increased its stake in shares of Canadian Pacific Kansas City by 24.2% in the first quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock worth $6,349,000 after purchasing an additional 14,037 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $4,160,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.2 %

CP opened at $85.86 on Monday. The business’s fifty day simple moving average is $82.16 and its 200 day simple moving average is $82.49. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The stock has a market cap of $80.11 billion, a PE ratio of 27.52, a P/E/G ratio of 2.45 and a beta of 0.96.

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

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a $0.1373 dividend. 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 0.64%. Canadian Pacific Kansas City’s payout ratio is 17.31%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. 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. Sanford C. Bernstein lifted their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th. Stifel Nicolaus increased their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Susquehanna reaffirmed a “neutral” rating and set a $80.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Finally, Jefferies Financial Group lowered their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Nine equities 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, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.36.

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.