Compass Wealth Management LLC Takes $5.64 Million Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Compass Wealth Management initiated a $5.64 million position in Canadian Pacific Kansas City by purchasing 65,129 shares during the second quarter. Institutional investors collectively own 72.2% of the company.
• CPKC reported quarterly revenue of $2.93 billion, up 12.6% year over year, and EPS of $0.92, exceeding analysts’ $0.89 estimate.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $108.60, compared with the stock’s reported $93.75 price; the company also announced a quarterly dividend of $0.268 per share.

Compass Wealth Management LLC bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,129 shares of the transportation company's stock, valued at approximately $5,643,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Act Two Investors LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at $3,048,000. Diversify Advisory Services LLC bought a new stake in Canadian Pacific Kansas City in the second quarter valued at $304,000. Gables Capital Management Inc. acquired a new position in Canadian Pacific Kansas City during the second quarter worth $112,000. First National Bank of Omaha raised its stake in Canadian Pacific Kansas City by 57.5% during the second quarter. First National Bank of Omaha now owns 112,691 shares of the transportation company's stock worth $9,788,000 after acquiring an additional 41,157 shares in the last quarter. Finally, Meeder Advisory Services Inc. bought a new position in shares of Canadian Pacific Kansas City during the second quarter valued at $208,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $93.75 on Wednesday. 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 1-year low of $68.42 and a 1-year high of $94.66. The stock has a market capitalization of $82.34 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.83 and a beta of 1.10. The business has a 50-day moving average price of $89.86 and a two-hundred day moving average price of $85.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the firm earned $1.12 EPS. The company's revenue for the quarter was up 12.6% on a year-over-year basis. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City's dividend payout ratio is 25.08%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Citizens Jmp began coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They issued a "market perform" rating on the stock. Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Susquehanna lifted their price target on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. 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. Finally, Citigroup boosted their price target on shares of 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. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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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