Cannell & Spears LLC Has $10.14 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Cannell & Spears LLC increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,799 shares of the transportation company’s stock after buying an additional 6,695 shares during the period. Cannell & Spears LLC’s holdings in Canadian Pacific Kansas City were worth $10,140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CP. Rothschild & Co Wealth Management UK Ltd boosted its stake in Canadian Pacific Kansas City by 0.9% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock valued at $394,156,000 after purchasing an additional 48,258 shares during the period. Cardinal Capital Management Inc. increased its position in Canadian Pacific Kansas City by 3.7% in the 4th quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock worth $114,094,000 after buying an additional 55,423 shares during the period. Rathbones Group PLC increased its position in Canadian Pacific Kansas City by 5.9% in the 4th quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock worth $127,342,000 after buying an additional 95,727 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after buying an additional 37,044 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $1,983,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 0.1%

CP opened at $92.40 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $88.86 and a two-hundred day moving average price of $83.39. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $93.95. The stock has a market capitalization of $81.78 billion, a PE ratio of 28.52, a PEG ratio of 1.84 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data 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). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the company posted $1.06 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.69 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 24.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Barclays set a $102.00 target price 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. ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Finally, Evercore set a $91.00 price objective on Canadian Pacific Kansas City and gave the company an “outperform” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $104.91.

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.