439,924 Canadian Pacific Kansas City Limited $CP Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 50.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,314,634 shares of the transportation company’s stock after acquiring an additional 439,924 shares during the quarter. Vontobel Holding Ltd.’s holdings in Canadian Pacific Kansas City were worth $111,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Canadian Pacific Kansas City in the second quarter valued at approximately $802,983,000. The Manufacturers Life Insurance Company purchased a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $657,672,000. Legal & General Group Plc purchased a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $604,797,000. Jupiter Topco LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth $576,687,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at $542,469,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of CP traded up $0.43 during mid-day trading on Friday, reaching $87.34. 1,935,278 shares of the company’s stock were exchanged, compared to its average volume of 2,295,800. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90. The company has a market cap of $76.43 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.83 and a beta of 1.13. The company has a 50-day simple moving average of $89.56 and a two-hundred day simple moving average of $87.85. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. Canadian Pacific Kansas City’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 EPS. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be given a dividend of C$0.27 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is 24.76%.

Analysts Set New Price Targets

A number of research firms have recently commented on CP. Citizens Jmp assumed coverage on Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Weiss Ratings raised Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 24th. Canadian Imperial Bank of Commerce increased their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Finally, Zacks Research raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.83.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.