Elefante Mark B Takes $597,000 Position in Canadian Pacific Kansas City Limited $CP

Elefante Mark B acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, Holdings Channel.com reports. The fund acquired 6,891 shares of the transportation company’s stock, valued at approximately $597,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prosperity Bancshares Inc acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $26,000. Gilpin Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $29,000. McMillan Office Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $31,000. Wealth Watch Advisors INC acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $36,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at approximately $35,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $96.81 on Monday. The firm’s 50 day moving average price is $90.21 and its 200-day moving average price is $86.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90. The firm has a market cap of $85.04 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.89 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted 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 net margin of 25.02% and a return on equity of 9.02%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 25.08%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce raised their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Wells Fargo & Company lifted their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Citizens Jmp started coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Citigroup increased their price target on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. 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’s stock. Based on data from MarketBeat.com, the company presently has an average 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.