59,377 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Purchased by Kodai Capital Management LP

by · The Cerbat Gem

Kodai Capital Management LP purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 59,377 shares of the transportation company’s stock, valued at approximately $4,694,000.

A number of other hedge funds also recently modified their holdings of CP. Sands Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $31,000. Anchor Investment Management LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth about $40,000. Independence Bank of Kentucky bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $43,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $45,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $52,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CP shares. Evercore ISI decreased their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Jefferies Financial Group began coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a “buy” rating and a $105.00 target price for the company. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Finally, Raymond James upped their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Hold” and a consensus price target of $96.67.

View Our Latest Report on CP

Canadian Pacific Kansas City Trading Down 1.9 %

Shares of CP stock traded down $1.53 on Monday, reaching $77.83. 1,754,209 shares of the stock were exchanged, compared to its average volume of 2,177,496. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The stock has a market cap of $72.60 billion, a PE ratio of 25.44, a P/E/G ratio of 2.25 and a beta of 0.97. The stock has a 50 day moving average price of $83.30 and a 200 day moving average price of $81.43.

Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.14 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

Canadian Pacific Kansas City Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP).