Callahan Advisors LLC Makes New $248,000 Investment in Canadian Pacific Kansas City Limited $CP

Callahan Advisors LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,130 shares of the transportation company’s stock, valued at approximately $248,000.

Several other institutional investors have also added to or reduced their stakes in CP. North Capital Inc. acquired a new stake in Canadian Pacific Kansas City in the first quarter worth about $27,000. Cornerstone Planning Group LLC boosted 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 worth $28,000 after acquiring an additional 256 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter worth about $30,000. Hexagon Capital Partners LLC boosted its holdings in Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after acquiring an additional 164 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter worth about $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CP shares. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Stephens raised their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Citigroup reduced their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Monday. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Finally, Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.38.

Canadian Pacific Kansas City Trading Up 0.9%

Shares of NYSE:CP opened at $76.84 on Thursday. 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 market capitalization of $69.68 billion, a PE ratio of 23.94, a PEG ratio of 2.15 and a beta of 1.08. The business has a 50 day moving average of $75.40 and a two-hundred day moving average of $76.58. 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 (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

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

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.