Canadian Pacific Kansas City Limited $CP Stock: Asset One Wealth Management LLC Boosts Holdings

Asset One Wealth Management LLC raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 26.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,955 shares of the transportation company’s stock after purchasing an additional 5,868 shares during the quarter. Asset One Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $2,379,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Calamos Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at about $4,333,000. Calamos Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 379.1% in the third quarter. Calamos Advisors LLC now owns 364,799 shares of the transportation company’s stock worth $31,044,000 after purchasing an additional 288,662 shares during the period. Argonautica Private Wealth Management Inc. increased its position in Canadian Pacific Kansas City by 4.9% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 10,397 shares of the transportation company’s stock worth $885,000 after purchasing an additional 487 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in Canadian Pacific Kansas City by 8.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 42,896 shares of the transportation company’s stock worth $3,650,000 after buying an additional 3,183 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Canadian Pacific Kansas City by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 33,687 shares of the transportation company’s stock valued at $2,867,000 after buying an additional 975 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $92.06 on Friday. The firm has a fifty day moving average of $88.52 and a 200 day moving average of $86.43. Canadian Pacific Kansas City Limited has a one year low of $68.50 and a one year high of $96.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.52. The firm has a market cap of $80.05 billion, a PE ratio of 25.84, a PEG ratio of 1.93 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 28th. The transportation company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.27%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the company earned $1.10 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.67 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, January 25th. Stockholders of record on Thursday, December 31st will be given a dividend of C$0.27 per share. The ex-dividend date is Thursday, December 31st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 24.68%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CP shares. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 24th. Evercore reaffirmed an “outperform” rating and set a $96.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, October 29th. Zacks Research cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Finally, Citigroup reissued a “cautious” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.58.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited (NYSE: CP), known as CPKC, operates a transcontinental freight railway. Its network connects Canada, the United States and Mexico, providing rail transportation and related logistics services for businesses across North America.

CPKC carries a range of goods, including grain and other agricultural products, intermodal freight, automotive shipments, energy products, chemicals, forest products and industrial materials. Its services include rail freight transportation, intermodal shipping and logistics solutions.

The company was formed in April 2023 through the combination of Canadian Pacific Railway and Kansas City Southern.