Sage Mountain Advisors LLC Invests $224,000 in Canadian Pacific Kansas City Limited $CP

Sage Mountain Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,826 shares of the transportation company’s stock, valued at approximately $224,000.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of Canadian Pacific Kansas City by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock worth $74,807,000 after acquiring an additional 31,508 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 70.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock valued at $421,000 after purchasing an additional 2,467 shares during the last quarter. Vanderbilt University increased 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 purchasing an additional 7,050 shares during the last quarter. Ninety One North America Inc. increased its position in shares of Canadian Pacific Kansas City by 135.7% during the 2nd 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 last quarter. Finally, TD Asset Management Inc increased its position in shares of Canadian Pacific Kansas City by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock valued at $1,665,106,000 after purchasing an additional 136,970 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

CP opened at $75.45 on Monday. 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 current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $75.57 and its 200-day simple moving average is $76.96. The company has a market capitalization of $68.43 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.14 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the company posted $1.05 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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, October 27th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.56%.

Wall Street Analyst Weigh In

CP has been the topic of several analyst reports. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Susquehanna cut their target price on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 8th. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Finally, Barclays set a $90.00 target price on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.38.

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.