37,559 Shares in Canadian Pacific Kansas City Limited $CP Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, HoldingsChannel reports. The institutional investor bought 37,559 shares of the transportation company’s stock, valued at approximately $3,258,000.

A number of other large investors have also recently bought and sold shares of CP. Prosperity Bancshares Inc purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $29,000. McMillan Office Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $31,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $35,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the subject of a number of recent research reports. Evercore set a $99.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Finally, Susquehanna upped their price objective on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $96.81 on Friday. The stock has a fifty day moving average price of $90.21 and a 200 day moving average price of $86.16. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90. The firm has a market capitalization of $85.04 billion, a P/E ratio of 31.13, a PEG ratio of 1.89 and a beta of 1.10. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is presently 25.08%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.