Transatlantique Private Wealth LLC Has $888,000 Holdings in Canadian Pacific Kansas City Limited $CP

Transatlantique Private Wealth LLC lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,220 shares of the transportation company’s stock after purchasing an additional 723 shares during the period. Transatlantique Private Wealth LLC’s holdings in Canadian Pacific Kansas City were worth $888,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CP. Private Trust Co. NA lifted its position in shares of Canadian Pacific Kansas City by 139.5% during the first quarter. Private Trust Co. NA now owns 1,353 shares of the transportation company’s stock worth $95,000 after purchasing an additional 788 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Canadian Pacific Kansas City by 13.7% during the first quarter. D.A. Davidson & CO. now owns 33,146 shares of the transportation company’s stock worth $2,327,000 after purchasing an additional 4,004 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Canadian Pacific Kansas City by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock worth $74,807,000 after purchasing an additional 31,508 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 70.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock worth $421,000 after purchasing an additional 2,467 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in shares of Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after purchasing an additional 164 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 1.8%

CP opened at $70.64 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The company has a market cap of $63.61 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 2.06 and a beta of 1.08. The firm has a 50 day simple moving average of $75.43 and a 200 day simple moving average of $76.96. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the firm earned $0.99 earnings per share. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a $0.228 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is currently 20.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday. Evercore ISI dropped their price target on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City 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.