Elevation Point Wealth Partners LLC Takes Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Elevation Point Wealth Partners purchased 37,559 shares of Canadian Pacific Kansas City, valued at approximately $3.26 million. Several other institutional investors also initiated positions, with institutional ownership reaching 72.2%.
• Analysts maintain a generally positive outlook, with the stock holding a “Moderate Buy” consensus rating and an average price target of $108.60.
• CP reported quarterly earnings of $0.92 per share, beating estimates by $0.03, while revenue rose 12.6% year over year to $2.93 billion. The company also declared a quarterly dividend of $0.268 per share, representing a 1.1% annualized yield.

Elevation Point Wealth Partners LLC purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,559 shares of the transportation company's stock, valued at approximately $3,258,000.

Several other large investors have also recently added to or reduced their stakes in CP. Commerce Bank acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at about $3,613,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $5,895,000. Findlay Park Partners LLP acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $193,515,000. W1M Asset Management Ltd acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $59,241,000. Finally, Varma Mutual Pension Insurance Co purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $16,988,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CP shares. Wall Street Zen upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Evercore set a $99.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Citizens Jmp started coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Finally, Weiss Ratings raised shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 2nd. One investment 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $108.60.

Canadian Pacific Kansas City Trading Up 2.1%

Shares of CP stock opened at $96.81 on Friday. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The stock has a market cap of $85.04 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.89 and a beta of 1.10. The business has a fifty day simple moving average of $90.21 and a 200-day simple moving average of $86.16. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping 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 business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the firm earned $1.12 EPS. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

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