Pacific Heights Asset Management LLC Makes New Investment in Canadian Pacific Kansas City Limited $CP

Pacific Heights Asset Management LLC acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, HoldingsChannel reports. The firm acquired 325,000 shares of the transportation company’s stock, valued at approximately $28,161,000.

A number of other large investors also recently modified their holdings of the company. Fiduciary Financial Advisors purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $25,000. Prosperity Bancshares Inc acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $29,000. McMillan Office Inc. purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $31,000. Finally, Wealth Watch Advisors INC acquired a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CP shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. 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. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Finally, Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Stock Down 0.9%

NYSE CP opened at $93.89 on Friday. The stock has a market cap of $82.47 billion, a PE ratio of 30.19, a P/E/G ratio of 1.85 and a beta of 1.10. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The business has a 50 day moving average price of $90.76 and a two-hundred day moving average price of $86.67. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data 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%. Canadian Pacific Kansas City’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $1.12 earnings per share. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

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