Transatlantique Private Wealth LLC Raises Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Transatlantique Private Wealth LLC grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 16.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,306 shares of the transportation company’s stock after acquiring an additional 1,320 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Canadian Pacific Kansas City were worth $731,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter worth approximately $32,000. Chris Bulman Inc bought a new stake in shares of Canadian Pacific Kansas City in the second quarter worth $35,000. ORG Partners LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at $39,000. Tobam bought a new position in Canadian Pacific Kansas City in the first quarter valued at about $51,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Canadian Pacific Kansas City in the second quarter worth about $61,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Down 1.2 %

Shares of Canadian Pacific Kansas City stock opened at $85.89 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $82.16 and a 200-day moving average price of $82.55. The firm has a market cap of $80.14 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.45 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the company posted $0.62 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.64%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.31%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 price target for the company. Susquehanna reaffirmed a “neutral” rating and set a $80.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Barclays dropped their price target on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Finally, Sanford C. Bernstein lifted their target price on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.36.

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.