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

HighTower Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 630,624 shares of the transportation company’s stock after purchasing an additional 37,044 shares during the quarter. HighTower Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $46,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. Cornerstone Planning Group LLC increased its holdings in Canadian Pacific Kansas City by 205.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter worth approximately $36,000. Aventura Private Wealth LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $37,000. Finally, McIlrath & Eck LLC increased its holdings in Canadian Pacific Kansas City by 475.3% during the 4th quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after purchasing an additional 423 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup lifted their price objective on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.89.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $86.81 on Friday. The stock has a market capitalization of $77.06 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09. The business’s fifty day moving average price is $82.43 and its 200 day moving average price is $78.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.Canadian Pacific Kansas City’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 earnings per share. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

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.