HighTower Advisors LLC Increases Stock Position in Canadian Pacific Kansas City Limited $CP

HighTower Advisors LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 747,038 shares of the transportation company’s stock after acquiring an additional 10,391 shares during the quarter. HighTower Advisors LLC owned approximately 0.09% of Canadian Pacific Kansas City worth $64,731,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Canadian Pacific Kansas City by 3.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock worth $304,000 after acquiring an additional 130 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Canadian Pacific Kansas City by 4.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,516 shares of the transportation company’s stock valued at $305,000 after acquiring an additional 134 shares during the period. Foster Group Inc. grew its position in Canadian Pacific Kansas City by 3.3% in the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock valued at $371,000 after acquiring an additional 137 shares in the last quarter. 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 acquiring an additional 142 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its stake in Canadian Pacific Kansas City by 1.2% during the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock worth $926,000 after purchasing an additional 144 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on CP. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Citizens Jmp began 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. Canadian Imperial Bank of Commerce increased their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th. Wells Fargo & Company raised their price target on shares of 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. Finally, Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $91.69 on Tuesday. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $96.90. The firm has a market capitalization of $80.54 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.91 and a beta of 1.12. 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 company’s fifty day moving average price is $91.49 and its 200 day moving average price is $87.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is presently 25.08%.

Canadian Pacific Kansas City Company 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.