Turtle Creek Wealth Advisors LLC Takes $586,000 Position in Canadian Pacific Kansas City Limited $CP

Turtle Creek Wealth Advisors LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, Holdings Channel reports. The firm acquired 7,389 shares of the transportation company’s stock, valued at approximately $586,000.

Other large investors have also made changes to their positions in the company. Callahan Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter worth about $248,000. Generali Asset Management SPA SGR lifted its position in shares of Canadian Pacific Kansas City by 2.2% in the second quarter. Generali Asset Management SPA SGR now owns 23,132 shares of the transportation company’s stock worth $1,834,000 after buying an additional 492 shares in the last quarter. Tuttle Capital Management LLC lifted its position in shares of Canadian Pacific Kansas City by 14.9% in the second quarter. Tuttle Capital Management LLC now owns 8,355 shares of the transportation company’s stock worth $662,000 after buying an additional 1,086 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Canadian Pacific Kansas City by 139.4% in the second quarter. Harbour Investments Inc. now owns 2,212 shares of the transportation company’s stock worth $175,000 after buying an additional 1,288 shares in the last quarter. Finally, Equitable Trust Co. lifted its position in shares of Canadian Pacific Kansas City by 2.6% in the second quarter. Equitable Trust Co. now owns 50,011 shares of the transportation company’s stock worth $3,964,000 after buying an additional 1,246 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CP. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Susquehanna decreased their target price on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a research report on Thursday, September 25th. Citigroup decreased their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Finally, Stephens upped their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.38.

Canadian Pacific Kansas City Trading Down 1.7%

CP opened at $75.46 on Friday. The stock has a market cap of $68.43 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 2.17 and a beta of 1.08. The stock’s 50 day moving average price is $75.40 and its 200-day moving average price is $76.61. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

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