MCF Advisors LLC Purchases Shares of 6,921 Canadian Pacific Kansas City Limited $CP

MCF Advisors LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, Holdings Channel reports. The firm purchased 6,921 shares of the transportation company’s stock, valued at approximately $511,000.

A number of other large investors have also recently bought and sold shares of the stock. Meixler Investment Management Ltd. bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $1,644,000. Rothschild & Co Wealth Management UK Ltd grew its holdings in shares of Canadian Pacific Kansas City by 0.9% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after purchasing an additional 48,258 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Canadian Pacific Kansas City by 1.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock worth $83,985,000 after purchasing an additional 14,916 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Canadian Pacific Kansas City by 7.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 153,448 shares of the transportation company’s stock worth $11,430,000 after purchasing an additional 10,726 shares during the last quarter. Finally, Templeton & Phillips Capital Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 100.0% during the third quarter. Templeton & Phillips Capital Management LLC now owns 28,660 shares of the transportation company’s stock worth $2,135,000 after purchasing an additional 14,330 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $90.07 on Friday. The business’s 50-day simple moving average is $84.36 and its 200 day simple moving average is $79.48. The stock has a market cap of $79.91 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 1.92 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $91.50. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. Canadian Pacific Kansas City’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 EPS. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a $0.268 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.68%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Barclays set a $99.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Susquehanna reiterated a “positive” rating and issued a $104.00 price target on shares of Canadian Pacific Kansas City in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $98.63.

About Canadian Pacific Kansas City

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.