EP Wealth Advisors LLC Takes Position in Canadian Pacific Kansas City Limited $CP

EP Wealth Advisors LLC bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, Holdings Channel reports. The firm bought 10,009 shares of the transportation company’s stock, valued at approximately $867,000.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup increased their price objective on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their price target 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. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on 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 Stock Performance

Shares of CP opened at $96.81 on Monday. The stock’s 50-day simple moving average is $90.21 and its 200 day simple moving average is $86.24. The stock has a market capitalization of $85.04 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. 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 52-week low of $68.42 and a 52-week high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly 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 return on equity of 9.02% and a net margin of 25.02%.The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the business posted $1.12 earnings per share. The company’s revenue was up 12.6% on a year-over-year basis. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is 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.