Vise Technologies Inc. Acquires Shares of 26,901 Canadian Pacific Kansas City Limited $CP

Vise Technologies Inc. acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, Holdings Channel.com reports. The firm acquired 26,901 shares of the transportation company’s stock, valued at approximately $2,331,000.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in Canadian Pacific Kansas City by 3.8% in the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock valued at $304,000 after buying an additional 130 shares during the last quarter. Foster Group Inc. lifted 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 worth $371,000 after buying an additional 137 shares during the last quarter. Modern Wealth Management LLC boosted its position in shares of Canadian Pacific Kansas City by 1.2% during the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock worth $950,000 after acquiring an additional 142 shares in the last quarter. Altshuler Shaham Ltd increased its holdings in shares of Canadian Pacific Kansas City by 1.2% in the 1st quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock valued at $926,000 after acquiring an additional 144 shares during the last quarter. Finally, Essex Financial Services Inc. increased its holdings in shares of Canadian Pacific Kansas City by 3.2% in the 1st quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company’s stock valued at $376,000 after acquiring an additional 149 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 2.1%

CP opened at $96.81 on Friday. The business has a 50 day moving average price of $90.21 and a two-hundred day moving average price of $86.16. 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 company has a market cap of $85.04 billion, a PE ratio of 31.13, a P/E/G ratio of 1.85 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90.

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

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared 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 of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 25.08%.

Analysts Set New Price Targets

Several research firms recently weighed in on CP. Susquehanna boosted their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, June 25th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Royal Bank Of Canada restated an “outperform” rating and set a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. One investment 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 company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Canadian Pacific Kansas City 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.