LWM Advisory Services LLC Buys Shares of 5,993 Canadian Pacific Kansas City Limited $CP

Key Points

• LWM Advisory Services LLC has acquired a stake in Canadian Pacific Kansas City by purchasing 5,993 shares valued at approximately $421,000.
• Despite missing analysts' earnings estimates, the company reported a 2.7% increase in revenue year-over-year for the last quarter.
• Canadian Pacific Kansas City announced an increase in its quarterly dividend to $0.1651, reflecting a yield of 0.9%, with an ex-dividend date set for September 26th.

LWM Advisory Services LLC purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,993 shares of the transportation company's stock, valued at approximately $421,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 59.5% in the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock valued at $1,192,471,000 after acquiring an additional 6,337,312 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Canadian Pacific Kansas City by 70.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock valued at $652,936,000 after acquiring an additional 3,842,866 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $126,928,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Canadian Pacific Kansas City by 44.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock valued at $351,723,000 after acquiring an additional 1,516,684 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Canadian Pacific Kansas City by 11.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after acquiring an additional 1,262,913 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

CP stock traded up $0.0450 during trading on Wednesday, reaching $74.8850. 602,364 shares of the company's stock were exchanged, compared to its average volume of 3,206,050. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The firm has a market cap of $68.42 billion, a PE ratio of 23.31, a P/E/G ratio of 2.06 and a beta of 1.06. The company's fifty day moving average price is $78.16 and its 200-day moving average price is $76.66. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced 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). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the company earned $1.05 EPS. The company's quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a dividend of $0.1651 per share. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.9%. Canadian Pacific Kansas City's payout ratio is presently 20.25%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research analyst reports. Susquehanna reiterated a "positive" rating and issued a $94.00 price target (up from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. National Bank Financial raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Stephens increased their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Wall Street Zen lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, Barclays increased their target price on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $92.30.

Canadian Pacific Kansas City Company Profile

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.