Oppenheimer & Co. Inc. Increases Position in Canadian Pacific Kansas City Limited $CP

Oppenheimer & Co. Inc. increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158,432 shares of the transportation company’s stock after purchasing an additional 7,188 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Canadian Pacific Kansas City were worth $13,728,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Intech Investment Management LLC grew its holdings in Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. Sivia Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $206,000. Prudential Financial Inc. lifted its position in shares of Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after buying an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after buying an additional 369 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CP shares. Canadian Imperial Bank of Commerce lifted their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. 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. Citigroup increased their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, July 30th. ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. Finally, Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $93.53 on Friday. The company has a market cap of $82.16 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. The stock’s 50 day simple moving average is $89.72 and its 200-day simple moving average is $85.41. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $94.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the company posted $1.12 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued a $0.268 dividend. 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%.

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.