Dymon Asia Capital Singapore PTE. LTD. Buys Shares of 15,100 Canadian Pacific Kansas City Limited $CP

Dymon Asia Capital Singapore PTE. LTD. bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 15,100 shares of the transportation company’s stock, valued at approximately $1,197,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at $27,000. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth about $35,000. Chilton Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $49,000. WPG Advisers LLC bought a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $50,000. Finally, LRI Investments LLC grew its stake in Canadian Pacific Kansas City by 42.1% in the second quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock worth $57,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CP. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Citigroup lowered their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a report on Monday, October 13th. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Evercore ISI lowered their price objective on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $73.12 on Wednesday. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65. The company has a market cap of $65.61 billion, a PE ratio of 22.29, a P/E/G ratio of 1.88 and a beta of 1.11. The stock has a 50 day simple moving average of $73.34 and a 200-day simple moving average of $76.12. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 19.82%.

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.