Sanders Morris Harris LLC Invests $1.14 Million in Canadian Pacific Kansas City Limited $CP

Sanders Morris Harris LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, Holdings Channel reports. The fund purchased 15,354 shares of the transportation company’s stock, valued at approximately $1,144,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanderbilt University grew its position in shares of Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock valued at $5,982,000 after acquiring an additional 7,050 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. lifted its stake in Canadian Pacific Kansas City by 2.2% in the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock valued at $51,410,000 after purchasing an additional 14,260 shares during the last quarter. Key Financial Inc purchased a new position in Canadian Pacific Kansas City in the second quarter valued at approximately $371,000. Ninety One North America Inc. grew its holdings in Canadian Pacific Kansas City by 135.7% during the second quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock valued at $16,394,000 after purchasing an additional 119,052 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Canadian Pacific Kansas City by 7.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,935,337 shares of the transportation company’s stock worth $153,847,000 after buying an additional 136,981 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 1.5%

Shares of CP opened at $73.31 on Wednesday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The stock has a market cap of $65.78 billion, a PE ratio of 22.35, a P/E/G ratio of 1.88 and a beta of 1.11. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $73.13 and its 200-day moving average price is $75.90.

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

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.12%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CP. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Evercore ISI cut their target price on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Susquehanna set a $87.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Citigroup lowered their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City Company 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.