Focus Partners Wealth Raises Position in Canadian Pacific Kansas City Limited $CP

Focus Partners Wealth lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.6% in the third quarter, Holdings Channel reports. The firm owned 706,721 shares of the transportation company’s stock after buying an additional 43,957 shares during the period. Focus Partners Wealth’s holdings in Canadian Pacific Kansas City were worth $52,598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter valued at about $27,000. Caldwell Trust Co acquired a new stake in Canadian Pacific Kansas City in the third quarter worth about $30,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter worth about $35,000. Cornerstone Planning Group LLC grew its stake in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after acquiring an additional 335 shares during the last quarter. Finally, Wealth Watch Advisors INC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CP. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Evercore cut their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Citigroup lowered their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $81.99 on Tuesday. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $89.42. The business’s 50 day moving average price is $79.21 and its 200 day moving average price is $75.85. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The firm has a market cap of $73.62 billion, a P/E ratio of 25.38, a P/E/G ratio of 1.72 and a beta of 1.05.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a dividend of $0.228 per share. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is currently 20.43%.

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.