Charles Schwab Investment Management Inc. Boosts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Charles Schwab Investment Management Inc. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,054,976 shares of the transportation company’s stock after acquiring an additional 107,025 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $175,944,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust raised its stake in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares in the last quarter. LRI Investments LLC bought a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at $32,000. Addison Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the last quarter. Chris Bulman Inc purchased a new position in Canadian Pacific Kansas City in the 2nd quarter worth $35,000. Finally, Asset Dedication LLC bought a new stake in Canadian Pacific Kansas City in the third quarter worth $38,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the topic of a number of recent research reports. Bank of America reduced their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price target for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. Stephens lowered their price objective on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Citigroup decreased their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.68.

Canadian Pacific Kansas City Stock Up 2.0 %

CP stock opened at $76.69 on Friday. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.27 and a fifty-two week high of $91.58. The company has a market capitalization of $71.58 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The business’s 50 day moving average price is $80.34 and its two-hundred day moving average price is $80.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 earnings per share. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared 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. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.00%.

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.