Canadian Pacific Kansas City Limited $CP Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 35.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,123 shares of the transportation company’s stock after purchasing an additional 2,133 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $644,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. North Capital Inc. acquired a new position in Canadian Pacific Kansas City during the 1st quarter valued at approximately $27,000. Cornerstone Planning Group LLC boosted its position in Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after acquiring an additional 256 shares during the period. Cheviot Value Management LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth $30,000. Hexagon Capital Partners LLC boosted its position in 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 acquiring an additional 164 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CP shares. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 8th. 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. Citigroup reduced their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Stephens boosted their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $91.38.

Canadian Pacific Kansas City Stock Up 1.5%

Shares of Canadian Pacific Kansas City stock opened at $76.61 on Friday. The stock’s fifty day moving average is $75.44 and its 200-day moving average is $76.65. The firm has a market capitalization of $69.47 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. The company has a quick ratio of 0.81, a current ratio of 0.93 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.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its 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). 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 firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. 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. Canadian Pacific Kansas City’s 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.