Canadian Pacific Kansas City Limited $CP Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.8% in the 2nd quarter, Holdings Channel reports. The fund owned 158,432 shares of the transportation company’s stock after acquiring an additional 7,188 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Canadian Pacific Kansas City were worth $13,728,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CP. Vontobel Holding Ltd. lifted its stake in Canadian Pacific Kansas City by 12,903.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 874,710 shares of the transportation company’s stock worth $75,760,000 after purchasing an additional 867,983 shares in the last quarter. Jennison Associates LLC grew its position in shares of Canadian Pacific Kansas City by 3.7% in the second quarter. Jennison Associates LLC now owns 17,966 shares of the transportation company’s stock valued at $1,557,000 after purchasing an additional 647 shares in the last quarter. Hudson Value Partners LLC grew its position in shares of Canadian Pacific Kansas City by 3.4% in the second quarter. Hudson Value Partners LLC now owns 50,029 shares of the transportation company’s stock valued at $4,336,000 after purchasing an additional 1,639 shares in the last quarter. Cardinal Capital Management Inc. grew its position in shares of Canadian Pacific Kansas City by 1.9% in the second quarter. Cardinal Capital Management Inc. now owns 1,702,045 shares of the transportation company’s stock valued at $147,274,000 after purchasing an additional 32,121 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $1,043,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP stock opened at $93.53 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $94.66. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock has a market cap of $82.16 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. The business has a fifty day moving average of $89.72 and a two-hundred day moving average of $85.41.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The business 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 company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 EPS. As a group, research 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 business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 25.08%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CP. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Citizens Jmp began coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. ATB Cormark Capital Markets lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. One 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.60.

About Canadian Pacific Kansas City

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.