Daymark Wealth Partners LLC Has $462,000 Stake in Canadian Pacific Kansas City Limited $CP

Daymark Wealth Partners LLC increased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 28.2% in the second quarter, HoldingsChannel reports. The firm owned 5,834 shares of the transportation company’s stock after acquiring an additional 1,283 shares during the period. Daymark Wealth Partners LLC’s holdings in Canadian Pacific Kansas City were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Insight Partners LLC boosted its stake in Canadian Pacific Kansas City by 0.4% in the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company’s stock worth $2,858,000 after purchasing an additional 143 shares during the period. Davidson Trust Co. boosted its stake in Canadian Pacific Kansas City by 3.2% in the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company’s stock worth $327,000 after purchasing an additional 144 shares during the period. Redmond Asset Management LLC boosted its stake in Canadian Pacific Kansas City by 0.5% in the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock worth $2,220,000 after purchasing an additional 148 shares during the period. Tradewinds LLC. boosted its holdings in shares of Canadian Pacific Kansas City by 3.8% during the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company’s stock worth $304,000 after purchasing an additional 157 shares during the period. Finally, Accretive Wealth Partners LLC boosted its holdings in shares of Canadian Pacific Kansas City by 1.3% during the second quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock worth $936,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $72.64 on Friday. The firm has a fifty day simple moving average of $75.54 and a 200-day simple moving average of $76.95. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65. The stock has a market capitalization of $65.41 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.08 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data 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 8.74% and a net margin of 28.41%.The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be paid a $0.228 dividend. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.56%.

Analyst Ratings Changes

CP has been the subject of several research reports. Evercore ISI decreased 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 report on Thursday. Susquehanna set a $87.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday. Finally, Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $91.69.

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.