Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,932 shares of the transportation company’s stock after purchasing an additional 184 shares during the period. Kolinsky Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $422,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. S&CO Inc. increased its position in Canadian Pacific Kansas City by 183.3% during the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after buying an additional 11,000 shares during the period. Swiss National Bank increased its holdings in shares of Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after acquiring an additional 23,000 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $11,810,000. Cetera Investment Advisers raised its position in Canadian Pacific Kansas City by 272.0% in the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after purchasing an additional 40,380 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth $696,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CP. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their price objective for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Stephens dropped their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Evercore ISI increased their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Sanford C. Bernstein dropped their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Finally, Bank of America decreased their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

Canadian Pacific Kansas City Stock Up 1.7 %

CP stock opened at $76.62 on Friday. Canadian Pacific Kansas City Limited has a 52 week low of $71.08 and a 52 week high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market cap of $71.51 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.23 and a beta of 0.98. The company’s 50-day moving average price is $79.26 and its 200 day moving average price is $80.24.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is 19.64%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.