1858 Wealth Management LLC Acquires Shares of 2,790 Canadian Pacific Kansas City Limited $CP

1858 Wealth Management LLC acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, HoldingsChannel.com reports. The fund acquired 2,790 shares of the transportation company’s stock, valued at approximately $221,000.

Several other hedge funds have also modified their holdings of CP. North Capital Inc. purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $27,000. Cornerstone Planning Group LLC grew its holdings in Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 256 shares during the period. Cheviot Value Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $30,000. Hexagon Capital Partners LLC raised its stake in shares of Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after buying an additional 164 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at approximately $35,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 1.1%

Shares of NYSE CP opened at $74.90 on Friday. The stock has a market cap of $67.93 billion, a PE ratio of 23.33, a P/E/G ratio of 2.11 and a beta of 1.08. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65. The company has a 50-day moving average of $75.34 and a 200 day moving average of $76.49.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a $0.1651 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio is 20.56%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CP shares. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Susquehanna decreased their price target on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Wednesday. Finally, Stephens increased their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.85.

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.