Notis McConarty Edward Invests $1.15 Million in Canadian Pacific Kansas City Limited $CP

Key Points

• Notis McConarty Edward initiated a $1.15 million position in Canadian Pacific Kansas City, purchasing 13,210 shares during the second quarter. Institutional investors collectively own 72.2% of the company.
• Analyst sentiment is generally positive, with one Strong Buy, eleven Buy, and three Hold ratings. The stock has a consensus “Moderate Buy” rating and an average price target of $108.60.
• Canadian Pacific Kansas City exceeded quarterly expectations with $0.92 in EPS and $2.93 billion in revenue, while revenue rose 12.6% year over year. The company also announced a quarterly dividend of $0.268 per share, representing a 1.1% annualized yield.

Notis McConarty Edward purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,210 shares of the transportation company's stock, valued at approximately $1,145,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Puzo Michael J acquired a new stake in Canadian Pacific Kansas City during the second quarter valued at approximately $402,000. Madison Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $2,280,000. Johnson Financial Group Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $99,000. Knuff & Co LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $50,000. Finally, NewEdge Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $1,283,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CP has been the topic of several research analyst reports. 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 target on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an "outperformer" rating in a research report on Thursday, June 25th. Finally, Weiss Ratings raised shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average target price of $108.60.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $94.53 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The stock has a market capitalization of $83.03 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 1.83 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $95.86. The stock's fifty day moving average is $89.96 and its two-hundred day moving average is $85.94.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly 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 company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 earnings per share. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. 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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