2 weeks Ago By ABMN Staff
AE Wealth Management LLC bought a new position in Canadian Pacific Kansas City Limited ( NYSE:CP – Free Report ) (TSE:CP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,759 shares of the transportation company’s stock, valued at approximately $217,000. Several other large investors also recently added to or reduced their stakes in the business.
Canada Pension Plan Investment Board lifted its stake in shares of Canadian Pacific Kansas City by 1.1% in the second quarter. Canada Pension Plan Investment Board now owns 2,810,256 shares of the transportation company’s stock worth $221,272,000 after buying an additional 31,900 shares during the last quarter.
Brighton Jones LLC lifted its stake in shares of Canadian Pacific Kansas City by 5.2% in the second quarter. Brighton Jones LLC now owns 9,990 shares of the transportation company’s stock worth $786,000 after buying an additional 497 shares during the last quarter.
MQS Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter worth $228,000. Seven Eight Capital LP acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter worth $1,606,000. Finally, Blair William & Co.
IL lifted its stake in shares of Canadian Pacific Kansas City by 2.0% in the second quarter. Blair William & Co.
IL now owns 94,239 shares of the transportation company’s stock worth $7,419,000 after buying an additional 1,855 shares during the last quarter. 72.20% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades A number of analysts have recently weighed in on CP shares. Susquehanna restated a “neutral” rating and issued a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st.
Wells Fargo & Company began coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 price objective for the company.
Jefferies Financial Group cut their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th.
Stifel Nicolaus increased their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 17th.
Finally, Evercore ISI increased their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday.
Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.
59. Canadian Pacific Kansas City Price Performance NYSE:CP opened at $85.44 on Friday.
The company has a 50-day moving average of $82.35 and a 200-day moving average of $82.45.
The company has a market capitalization of $79.74 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.
43 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 52 week low of $68.
92 and a 52 week high of $91.58. The company has a debt-to-equity ratio of 0.
42, a quick ratio of 0.44 and a current ratio of 0.51.
Canadian Pacific Kansas City ( NYSE:CP – Get Free Report ) (TSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.
74 by $0.31. The company had revenue of $3.
60 billion during the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.
45% and a return on equity of 8.77%. The firm’s revenue for the quarter was up 13.
5% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS.
As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.1 earnings per share for the current fiscal year. Canadian Pacific Kansas City Cuts Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th.
Investors of record on Friday, September 27th will be given a dividend of $0.1373 per share. This represents a $0.
55 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Friday, September 27th.
Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 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. Further Reading 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).
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