Allworth Financial LP Takes Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Allworth Financial LP initiated a position in Canadian Pacific Kansas City by purchasing 87,504 shares valued at approximately $7.6 million. Institutional investors collectively own 72.2% of the company.
• Canadian Pacific Kansas City reported quarterly earnings of $0.92 per share, exceeding estimates by $0.03, while revenue rose 12.6% year over year to $2.93 billion.
• The company declared a quarterly dividend of $0.268 per share, equivalent to an annualized $1.07 dividend and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $108.60.

Allworth Financial LP purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 87,504 shares of the transportation company's stock, valued at approximately $7,582,000.

Several other institutional investors also recently bought and sold shares of the company. Hara Capital LLC purchased a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $243,000. Ninepoint Partners LP purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at $7,785,000. Advisors Capital Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth $252,000. PCM Encore LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth $362,000. Finally, Vise Technologies Inc. purchased a new position in shares of Canadian Pacific Kansas City in the second quarter worth $2,331,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $94.96 on Friday. The firm has a market capitalization of $83.41 billion, a P/E ratio of 30.53, a PEG ratio of 1.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $95.99. The business has a fifty day moving average of $90.07 and a 200 day moving average of $86.08.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate 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 in the prior year, the company earned $1.12 earnings per share. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio is 25.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CP shares. Weiss Ratings raised Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 2nd. Canadian Imperial Bank of Commerce boosted their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an "outperformer" rating in a research report on Thursday, June 25th. Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Stephens raised shares of Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. Finally, Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. One 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. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus target price of $108.60.

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.

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