66,163 Shares in Canadian Pacific Kansas City Limited $CP Bought by Beacon Pointe Advisors LLC

Key Points

• Beacon Pointe Advisors acquired 66,163 shares of Canadian Pacific Kansas City, valued at approximately $5.7 million. Institutional investors and hedge funds collectively own 72.2% of the company.
• CP shares opened at $94.04, near their 12-month high of $96.90. The company’s latest quarterly results exceeded expectations, with $2.93 billion in revenue and $0.92 earnings per share.
• Canadian Pacific Kansas City declared a quarterly dividend of $0.268 per share, representing a 1.1% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $108.60.

Beacon Pointe Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,163 shares of the transportation company's stock, valued at approximately $5,733,000.

A number of other large investors have also recently bought and sold shares of CP. GAMMA Investing LLC increased its stake in Canadian Pacific Kansas City by 3.8% in the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company's stock valued at $304,000 after acquiring an additional 130 shares during the last quarter. Foster Group Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 3.3% in the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company's stock valued at $371,000 after purchasing an additional 137 shares in the last quarter. Modern Wealth Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% in the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company's stock valued at $950,000 after purchasing an additional 142 shares in the last quarter. Altshuler Shaham Ltd increased its stake in shares of Canadian Pacific Kansas City by 1.2% in the 1st quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company's stock valued at $926,000 after purchasing an additional 144 shares during the last quarter. Finally, Essex Financial Services Inc. increased its stake in shares of Canadian Pacific Kansas City by 3.2% in the 1st quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company's stock valued at $376,000 after purchasing an additional 149 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.2%

Shares of CP opened at $94.04 on Friday. The stock's 50-day moving average price is $90.92 and its two-hundred day moving average price is $86.72. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $96.90. The company has a market capitalization of $82.60 billion, a PE ratio of 30.24, a PEG ratio of 1.84 and a beta of 1.10. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the company earned $1.12 earnings per share. The firm's revenue was up 12.6% compared to the same quarter last year. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 25.08%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 8th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the company an "overweight" rating in a research note on Thursday, June 25th. Finally, Weiss Ratings raised shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 2nd. One research 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $108.60.

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.

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