Pelham Capital Ltd. Buys New Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Market Beat
2025.02.09 12:36
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Pelham Capital Ltd. has acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP), purchasing 180,804 shares valued at approximately $13.1 million, making it the firm's 5th largest holding. Other institutional investors have also adjusted their stakes in CP. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average price target of $95.45. The stock opened at $77.17, with a market cap of $72.04 billion and a recent EPS of $0.92, exceeding estimates.

Pelham Capital Ltd. bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 180,804 shares of the transportation company's stock, valued at approximately $13,085,000. Canadian Pacific Kansas City accounts for about 7.6% of Pelham Capital Ltd.'s investment portfolio, making the stock its 5th biggest holding.

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Several other hedge funds have also recently added to or reduced their stakes in CP. GAMMA Investing LLC lifted its stake in shares of Canadian Pacific Kansas City by 8.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,434 shares of the transportation company's stock valued at $208,000 after purchasing an additional 195 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of Canadian Pacific Kansas City by 4.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,334 shares of the transportation company's stock worth $371,000 after buying an additional 190 shares in the last quarter. CWM LLC grew its position in shares of Canadian Pacific Kansas City by 5.0% during the 3rd quarter. CWM LLC now owns 7,425 shares of the transportation company's stock worth $635,000 after buying an additional 352 shares during the period. First Affirmative Financial Network increased its stake in shares of Canadian Pacific Kansas City by 16.1% in the 3rd quarter. First Affirmative Financial Network now owns 7,087 shares of the transportation company's stock valued at $606,000 after acquiring an additional 985 shares in the last quarter. Finally, Gateway Investment Advisers LLC lifted its position in shares of Canadian Pacific Kansas City by 1.2% during the 3rd quarter. Gateway Investment Advisers LLC now owns 118,770 shares of the transportation company's stock valued at $10,160,000 after acquiring an additional 1,432 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CP shares. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada upped their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Stephens raised their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $95.45.

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Check Out Our Latest Stock Analysis on CP

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $77.17 on Friday. The stock has a market cap of $72.04 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.02 and a beta of 0.97. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company's 50 day moving average price is $75.54 and its two-hundred day moving average price is $78.79. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58.

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Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City's payout ratio is currently 18.62%.

About Canadian Pacific Kansas City

(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.

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