Caliber Wealth Management LLC KS Takes Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Caliber Wealth Management LLC has acquired a new stake in Canadian Pacific Kansas City Limited, purchasing 6,081 shares valued at approximately $482,000 in the second quarter.
• Canadian Pacific Kansas City recently increased its quarterly dividend from $0.16 to $0.1651 per share, representing a 0.9% yield.
• The company reported earnings of $0.81 per share for its last quarter, slightly missing the analyst estimate, with a revenue of $2.72 billion.

Caliber Wealth Management LLC KS acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,081 shares of the transportation company's stock, valued at approximately $482,000.

A number of other institutional investors have also recently made changes to their positions in the business. Capital Insight Partners LLC grew its holdings in shares of Canadian Pacific Kansas City by 0.4% in the first quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock valued at $2,858,000 after purchasing an additional 143 shares in the last quarter. Davidson Trust Co. grew its holdings in shares of Canadian Pacific Kansas City by 3.2% in the first quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock valued at $327,000 after purchasing an additional 144 shares in the last quarter. Redmond Asset Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 0.5% in the first quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company's stock valued at $2,220,000 after purchasing an additional 148 shares in the last quarter. Tradewinds LLC. grew its holdings in shares of Canadian Pacific Kansas City by 3.8% in the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock valued at $304,000 after purchasing an additional 157 shares in the last quarter. Finally, Accretive Wealth Partners LLC grew its holdings in shares of Canadian Pacific Kansas City by 1.3% in the second quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company's stock valued at $936,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Susquehanna dropped their price objective on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating for the company in a report on Thursday, September 25th. Citigroup dropped their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "buy" rating for the company in a report on Monday, October 13th. National Bankshares reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Finally, National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average price target of $91.38.

Canadian Pacific Kansas City Stock Up 1.2%

Shares of NYSE:CP opened at $76.51 on Thursday. The company has a market capitalization of $69.38 billion, a PE ratio of 23.83, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The firm has a 50 day simple moving average of $75.51 and a 200-day simple moving average of $76.76.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. The ex-dividend date is Friday, September 26th. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's payout ratio is presently 20.56%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.

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