Asset One Wealth Management LLC Buys Shares of 22,087 Canadian Pacific Kansas City Limited $CP

Key Points

• Asset One Wealth Management bought 22,087 shares of Canadian Pacific Kansas City worth approximately $2.0 million during the second quarter. Institutional investors and hedge funds own 72.2% of the company.
• Analysts maintain a generally positive view, with one Strong Buy, eleven Buy and three Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $108.60.
• CPKC exceeded quarterly earnings expectations, reporting $0.92 EPS and $2.93 billion in revenue, up 12.6% year over year. The company also declared a quarterly dividend of $0.268 per share, representing a 1.1% annualized yield.

Asset One Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,087 shares of the transportation company's stock, valued at approximately $1,998,000.

Other institutional investors have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at $26,674,000. Osmosis Investment Management UK Ltd acquired a new position in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $322,000. Sanctuary Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $3,226,000. Saranac Partners Ltd purchased a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $6,773,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Canadian Pacific Kansas City during the second quarter worth approximately $802,983,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. 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. Citigroup lifted 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. Barclays set a $102.00 target price on Canadian Pacific Kansas City and gave the company an "overweight" rating in a research note on Thursday, June 25th. Susquehanna raised their price target on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a "positive" rating in a research note on Tuesday, July 14th. Finally, Citizens Jmp began coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $96.81 on Monday. The company has a market capitalization of $85.04 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. The firm has a fifty day simple moving average of $90.21 and a 200-day simple moving average of $86.24. 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 Limited has a twelve month low of $68.42 and a twelve month high of $96.90.

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 for the quarter, beating 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the firm earned $1.12 EPS. Canadian Pacific Kansas City's quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

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

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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