Canadian Pacific Kansas City Limited $CP Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.3% during the third quarter, HoldingsChannel reports. The firm owned 58,445 shares of the transportation company’s stock after selling 6,684 shares during the period. Compass Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $4,974,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $66,000. Pinnacle Associates Ltd. increased its position in shares of Canadian Pacific Kansas City by 3.4% during the third quarter. Pinnacle Associates Ltd. now owns 226,997 shares of the transportation company’s stock worth $19,317,000 after acquiring an additional 7,516 shares during the period. Diversify Advisory Services LLC increased its position in shares of Canadian Pacific Kansas City by 33.5% during the third quarter. Diversify Advisory Services LLC now owns 4,434 shares of the transportation company’s stock worth $385,000 after acquiring an additional 1,113 shares during the period. Gold Investment Management Ltd. increased its position in shares of Canadian Pacific Kansas City by 1.0% during the third quarter. Gold Investment Management Ltd. now owns 90,259 shares of the transportation company’s stock worth $7,686,000 after acquiring an additional 868 shares during the period. Finally, Quantum Financial Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $234,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CP. Citizens Jmp assumed coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Canadian Imperial Bank of Commerce increased their price objective on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $106.00 to $98.00 and set a “positive” rating on the stock in a report on Friday, October 2nd. Evercore set a $99.00 target price on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Zacks Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.83.

Canadian Pacific Kansas City Trading Up 3.0%

Shares of NYSE CP opened at $90.70 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The stock has a market capitalization of $79.37 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90. The business has a fifty day moving average price of $89.23 and a 200 day moving average price of $88.19.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a C$0.27 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 24.76%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.