Caliber Wealth Management LLC KS Purchases New Shares in Canadian Pacific Kansas City Limited $CP

Caliber Wealth Management LLC KS purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 6,081 shares of the transportation company’s stock, valued at approximately $482,000.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its position in Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after buying an additional 256 shares during the last quarter. North Capital Inc. purchased a new position in Canadian Pacific Kansas City during the 1st quarter worth $27,000. Cheviot Value Management LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter worth $30,000. Hexagon Capital Partners LLC raised its position in Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after buying an additional 164 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter worth $35,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CP. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 8th. Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Susquehanna lowered their price target 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, National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $76.51 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65. The stock has a market cap of $69.38 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The firm’s fifty day simple moving average is $75.51 and its 200-day simple moving average is $76.76.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted 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 return on equity of 8.69% and a net margin of 28.05%.The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a $0.1651 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. 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. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.56%.

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.