Notis McConarty Edward Buys Shares of 13,210 Canadian Pacific Kansas City Limited $CP

Notis McConarty Edward purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,210 shares of the transportation company’s stock, valued at approximately $1,145,000.

Several other institutional investors and hedge funds also recently modified their holdings of CP. GAMMA Investing LLC raised its stake in shares of Canadian Pacific Kansas City by 3.8% during the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock valued at $304,000 after purchasing an additional 130 shares in the last quarter. Foster Group Inc. lifted its holdings in Canadian Pacific Kansas City by 3.3% in the second quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock worth $371,000 after purchasing an additional 137 shares during the period. Modern Wealth Management LLC grew its position in Canadian Pacific Kansas City by 1.2% in the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock valued at $950,000 after buying an additional 142 shares in the last quarter. Altshuler Shaham Ltd grew its position in 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 buying an additional 144 shares in the last quarter. Finally, Essex Financial Services Inc. increased its stake in Canadian Pacific Kansas City by 3.2% during the 1st quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company’s stock valued at $376,000 after buying an additional 149 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the topic of a number of recent analyst reports. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Evercore set a $99.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Citizens Jmp assumed coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a “market perform” rating 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. Finally, Wall Street Zen raised 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 given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $108.60.

Canadian Pacific Kansas City Stock Up 0.9%

CP stock opened at $94.53 on Thursday. The firm has a market cap of $83.03 billion, a PE ratio of 30.39, a P/E/G ratio of 1.83 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $95.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The firm has a 50 day simple moving average of $89.96 and a 200 day simple moving average of $85.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid 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%.

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.