SkyView Investment Advisors LLC Has $5.70 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

SkyView Investment Advisors LLC grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,372 shares of the transportation company’s stock after buying an additional 6,702 shares during the quarter. Canadian Pacific Kansas City makes up about 1.0% of SkyView Investment Advisors LLC’s investment portfolio, making the stock its 10th biggest position. SkyView Investment Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $5,698,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CP. Vanguard Group Inc. boosted its position in Canadian Pacific Kansas City by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock valued at $3,079,474,000 after buying an additional 588,701 shares during the last quarter. TD Asset Management Inc grew its holdings in Canadian Pacific Kansas City by 2.5% during the 1st quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company’s stock worth $1,915,196,000 after acquiring an additional 532,303 shares during the period. Bank of Montreal Can raised its position in shares of Canadian Pacific Kansas City by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock valued at $1,580,556,000 after acquiring an additional 533,792 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Canadian Pacific Kansas City by 5.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock valued at $1,088,155,000 after purchasing an additional 723,188 shares during the period. Finally, Veritas Asset Management LLP boosted its position in shares of Canadian Pacific Kansas City by 1.8% in the 4th quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock worth $1,062,148,000 after purchasing an additional 243,210 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent analyst reports. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Evercore ISI increased 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 report on Wednesday. Sanford C. Bernstein boosted their price objective on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a report on Monday, July 8th. Jefferies Financial Group cut their target price 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. Finally, Stifel Nicolaus boosted their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $96.59.

Canadian Pacific Kansas City Trading Down 0.1 %

NYSE CP opened at $85.44 on Friday. 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 debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The stock’s 50 day moving average price is $82.35 and its two-hundred day moving average price is $82.39. The stock has a market capitalization of $79.74 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.43 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, topping analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. As a group, analysts anticipate 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 business 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. This represents a $0.55 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 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.