LRI Investments LLC Has $57,000 Stake in Canadian Pacific Kansas City Limited $CP

LRI Investments LLC lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 42.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 719 shares of the transportation company’s stock after buying an additional 213 shares during the quarter. LRI Investments LLC’s holdings in Canadian Pacific Kansas City were worth $57,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CP. Assenagon Asset Management S.A. grew its position in shares of Canadian Pacific Kansas City by 1.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company’s stock worth $2,012,000 after buying an additional 290 shares during the period. CX Institutional acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $61,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Canadian Pacific Kansas City by 8.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 113,117 shares of the transportation company’s stock worth $7,942,000 after buying an additional 8,627 shares during the period. Janney Montgomery Scott LLC boosted its stake in Canadian Pacific Kansas City by 28.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company’s stock worth $7,106,000 after acquiring an additional 22,606 shares during the last quarter. Finally, Lorne Steinberg Wealth Management Inc. boosted its stake in Canadian Pacific Kansas City by 1.6% during the 1st quarter. Lorne Steinberg Wealth Management Inc. now owns 91,346 shares of the transportation company’s stock worth $6,417,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $76.11 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The firm’s 50 day moving average price is $75.38 and its two-hundred day moving average price is $76.58. The firm has a market cap of $69.02 billion, a P/E ratio of 23.71, a PEG ratio of 2.11 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the firm posted $1.05 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Stephens lifted their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday, September 25th. Finally, Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.38.

About Canadian Pacific Kansas City

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.