Bay Colony Advisory Group Inc d b a Bay Colony Advisors Takes $1.04 Million Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Bay Colony Advisors purchased 12,032 shares of Canadian Pacific Kansas City, establishing a new position valued at approximately $1.04 million. Institutional investors collectively own 72.2% of the company.
• Analyst sentiment is favorable, with a consensus rating of “Moderate Buy” and an average price target of $108.60; several firms recently raised their targets or ratings.
• Canadian Pacific Kansas City exceeded quarterly expectations with $0.92 in earnings per share and $2.93 billion in revenue, while revenue increased 12.6% year over year. The company also declared a quarterly dividend of $0.268 per share, implying a 1.2% yield.

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,032 shares of the transportation company's stock, valued at approximately $1,043,000.

Other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC increased its stake in Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company's stock worth $1,493,000 after acquiring an additional 2,940 shares during the period. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth $35,000. Sivia Capital Partners LLC bought a new position in shares of Canadian Pacific Kansas City in the second quarter worth $206,000. Prudential Financial Inc. raised its stake in Canadian Pacific Kansas City by 8.7% in the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company's stock valued at $411,000 after purchasing an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company's stock worth $104,000 after purchasing an additional 369 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, July 8th. Royal Bank Of Canada restated an "outperform" rating and set a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. National Bank Financial raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 15th. Finally, Stephens raised Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Up 1.6%

Shares of CP opened at $92.00 on Wednesday. The stock's 50-day moving average price is $89.49 and its two-hundred day moving average price is $85.06. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $93.95. The company has a market capitalization of $81.12 billion, a PE ratio of 29.58, a PEG ratio of 1.77 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 announced its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The business 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%.The firm's revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio is currently 25.08%.

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.

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