10,535 Shares in Canadian Pacific Kansas City Limited $CP Purchased by Centaurus Financial Inc.

Centaurus Financial Inc. acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,535 shares of the transportation company’s stock, valued at approximately $913,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Canadian Pacific Kansas City by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock worth $304,000 after purchasing an additional 130 shares during the period. Foster Group Inc. raised its holdings in Canadian Pacific Kansas City by 3.3% during the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock valued at $371,000 after buying an additional 137 shares during the period. Modern Wealth Management LLC lifted its position in Canadian Pacific Kansas City by 1.2% in the first quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock worth $950,000 after buying an additional 142 shares during the last quarter. Altshuler Shaham Ltd lifted its position in Canadian Pacific Kansas City by 1.2% in the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock worth $926,000 after buying an additional 144 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its stake in Canadian Pacific Kansas City by 3.2% during the first quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company’s stock worth $376,000 after buying an additional 149 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $94.04 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $90.92 and its two-hundred day moving average is $86.72. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90. The company has a market capitalization of $82.60 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citizens Jmp began coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Wells Fargo & Company upped their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

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.