65,129 Shares in Canadian Pacific Kansas City Limited $CP Bought by Compass Wealth Management LLC

Compass Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 65,129 shares of the transportation company’s stock, valued at approximately $5,643,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Rothschild & Co Wealth Management UK Ltd raised its holdings in Canadian Pacific Kansas City by 0.9% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after acquiring an additional 48,258 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after purchasing an additional 37,044 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $1,983,000. Saranac Partners Ltd bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $5,973,000. Finally, WGI DM LLC increased its holdings in Canadian Pacific Kansas City by 3.9% during the fourth quarter. WGI DM LLC now owns 437,824 shares of the transportation company’s stock worth $32,237,000 after buying an additional 16,282 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CP has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Royal Bank Of Canada reissued an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Citigroup raised their price objective on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Finally, Wells Fargo & Company boosted their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $93.75 on Wednesday. The company has a market cap of $82.34 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.83 and a beta of 1.10. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $94.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The stock has a fifty day moving average price of $89.86 and a 200-day moving average price of $85.81.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.Canadian Pacific Kansas City’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $1.12 earnings per share. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend 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.