Frank Rimerman Advisors LLC Invests $1.38 Million in Canadian Pacific Kansas City Limited (NYSE:CP)

Frank Rimerman Advisors LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,515 shares of the transportation company’s stock, valued at approximately $1,379,000.

A number of other large investors also recently bought and sold shares of CP. LRI Investments LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $32,000. Chris Bulman Inc acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at about $35,000. ORG Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $39,000. Tobam acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth about $51,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Canadian Pacific Kansas City in the 2nd quarter valued at about $61,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $85.86 on Monday. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year 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. The firm’s 50 day moving average price is $82.16 and its 200-day moving average price is $82.49. The firm has a market cap of $80.11 billion, a P/E ratio of 27.52, a P/E/G ratio of 2.45 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.58 billion. During the same period last year, the business posted $0.62 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders 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 dividend yield of 0.64%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.31%.

Analysts Set New Price Targets

Several research firms have commented on CP. Wells Fargo & Company started coverage on Canadian Pacific Kansas City in a research note on Friday, June 7th. They set an “overweight” rating and a $90.00 price objective for the company. Jefferies Financial Group reduced their price objective on 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. Susquehanna reaffirmed a “neutral” rating and set a $80.00 target price on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Stifel Nicolaus increased their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Finally, Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.36.

Canadian Pacific Kansas City 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.