Northwest & Ethical Investments L.P. Purchases 2,322 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Northwest & Ethical Investments L.P. boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,630 shares of the transportation company’s stock after buying an additional 2,322 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Canadian Pacific Kansas City were worth $16,904,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Grove Bank & Trust grew its holdings in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. Tower View Wealth Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock worth $4,410,000 after buying an additional 130 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its position in shares of Canadian Pacific Kansas City by 3.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after buying an additional 131 shares in the last quarter. Trust Co. of Vermont raised its position in shares of Canadian Pacific Kansas City by 4.7% during the 3rd quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock valued at $260,000 after buying an additional 135 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in Canadian Pacific Kansas City by 12.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock worth $107,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Citigroup cut their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Stephens reduced their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Finally, Barclays raised their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.88.

Canadian Pacific Kansas City Stock Up 1.3 %

Shares of NYSE:CP traded up $0.96 during trading hours on Thursday, hitting $75.35. The company’s stock had a trading volume of 2,796,960 shares, compared to its average volume of 2,262,514. The company has a market capitalization of $70.33 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 2.28 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52 week low of $69.66 and a 52 week high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm’s fifty day moving average price is $79.68 and its 200 day moving average price is $80.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its 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 company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio is presently 19.64%.

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.