Accretive Wealth Partners LLC Acquires 157 Shares of Canadian Pacific Kansas City Limited $CP

Accretive Wealth Partners LLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,806 shares of the transportation company’s stock after acquiring an additional 157 shares during the period. Accretive Wealth Partners LLC’s holdings in Canadian Pacific Kansas City were worth $936,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CP. North Capital Inc. bought a new position in Canadian Pacific Kansas City in the first quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its position in shares of 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 valued at $28,000 after purchasing an additional 256 shares during the period. Cheviot Value Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at $30,000. Hexagon Capital Partners LLC raised its position 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 valued at $35,000 after purchasing an additional 164 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at $35,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $76.61 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. The company has a market cap of $69.47 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.16 and a beta of 1.08. The firm’s fifty day moving average is $75.44 and its two-hundred day moving average is $76.72. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65.

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). The company had revenue of $2.72 billion during 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 business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a $0.1651 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date 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 payout ratio is presently 20.56%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CP. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Stephens raised their price objective on shares of 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. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 8th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Finally, Susquehanna decreased their price objective on shares of 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. One equities research 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.38.

About Canadian Pacific Kansas City

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.