Brown Brothers Harriman & Co. Has $248,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Brown Brothers Harriman & Co. lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 63.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,895 shares of the transportation company’s stock after acquiring an additional 1,120 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Canadian Pacific Kansas City were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. S&CO Inc. raised its stake in shares of Canadian Pacific Kansas City by 183.3% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after purchasing an additional 11,000 shares in the last quarter. Swiss National Bank lifted its stake in Canadian Pacific Kansas City by 0.8% in the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after acquiring an additional 23,000 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $11,810,000. Cetera Investment Advisers lifted its stake in Canadian Pacific Kansas City by 272.0% in the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after acquiring an additional 40,380 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $696,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Barclays lifted their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Evercore ISI lifted their target price 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. Bank of America reduced their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Stifel Nicolaus reduced their price objective on shares of 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. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $94.88.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $75.35 on Thursday. The stock has a market cap of $70.33 billion, a P/E ratio of 26.91, a PEG ratio of 2.28 and a beta of 0.98. Canadian Pacific Kansas City Limited has a one year low of $69.66 and a one year high of $91.58. The company has a fifty day moving average price of $79.68 and a 200 day moving average price of $80.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is 19.64%.

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.