Milestones Administradora de Recursos Ltda. Acquires Shares of 59,250 Canadian Pacific Kansas City Limited (NYSE:CP)

Milestones Administradora de Recursos Ltda. bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 59,250 shares of the transportation company’s stock, valued at approximately $5,068,000. Canadian Pacific Kansas City comprises about 2.0% of Milestones Administradora de Recursos Ltda.’s investment portfolio, making the stock its 12th biggest holding.

A number of other large investors also recently made changes to their positions in the stock. Choate Investment Advisors boosted its stake in Canadian Pacific Kansas City by 24.2% during the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock worth $6,349,000 after acquiring an additional 14,037 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the second quarter worth $11,810,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Canadian Pacific Kansas City by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock valued at $196,672,000 after buying an additional 13,727 shares during the period. Maryland State Retirement & Pension System increased its position in shares of Canadian Pacific Kansas City by 53.0% in the 1st quarter. Maryland State Retirement & Pension System now owns 49,072 shares of the transportation company’s stock valued at $4,100,000 after buying an additional 16,995 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Canadian Pacific Kansas City by 272.0% during the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock worth $4,874,000 after buying an additional 40,380 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CP. Citigroup increased their price target on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their target price for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. Stephens cut their price target 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. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Finally, Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

Canadian Pacific Kansas City Stock Down 0.2 %

Shares of NYSE CP traded down $0.12 during mid-day trading on Wednesday, hitting $77.87. The company had a trading volume of 666,245 shares, compared to its average volume of 2,103,581. Canadian Pacific Kansas City Limited has a one year low of $69.08 and a one year high of $91.58. The company has a market capitalization of $72.68 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $82.80 and a two-hundred day simple moving average of $81.18.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is 20.00%.

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.