NewEdge Wealth LLC Takes $1.28 Million Position in Canadian Pacific Kansas City Limited $CP

Key Points

• NewEdge Wealth acquired 14,809 shares of Canadian Pacific Kansas City worth approximately $1.28 million, while institutional investors overall own 72.2% of the company.
• Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $108.60; several firms recently raised their targets.
• Canadian Pacific Kansas City beat quarterly expectations with $0.92 EPS and $2.93 billion in revenue, up 12.6% year over year, and declared a quarterly dividend of $0.268 per share.

NewEdge Wealth 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 disclosure with the SEC. The institutional investor purchased 14,809 shares of the transportation company's stock, valued at approximately $1,283,000.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in Canadian Pacific Kansas City by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company's stock valued at $304,000 after acquiring an additional 130 shares in the last quarter. Foster Group Inc. boosted its stake in shares of Canadian Pacific Kansas City by 3.3% in the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company's stock worth $371,000 after buying an additional 137 shares during the last quarter. Modern Wealth Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 1.2% in the first quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company's stock valued at $950,000 after acquiring an additional 142 shares in the last quarter. Altshuler Shaham Ltd grew its holdings in shares of Canadian Pacific Kansas City by 1.2% in the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company's stock valued at $926,000 after acquiring an additional 144 shares in the last quarter. Finally, Essex Financial Services Inc. increased its position in shares of Canadian Pacific Kansas City by 3.2% during the first quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company's stock valued at $376,000 after acquiring an additional 149 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

CP has been the topic of several research analyst reports. Susquehanna boosted their price objective on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. Citigroup raised their target price on 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. Canadian Imperial Bank of Commerce lifted their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an "outperformer" rating in a research note on Thursday, June 25th. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Finally, 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 report on Thursday, July 30th. One research 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's stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average price target of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $96.81 on Friday. The stock has a fifty day simple moving average of $90.21 and a two-hundred day simple moving average of $86.16. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90. The firm has a market cap of $85.04 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 1.85 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 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. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business's revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a $0.268 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 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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