United Capital Financial Advisors LLC Buys New Stake in Canadian Pacific Kansas City Limited $CP

United Capital Financial Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, HoldingsChannel reports. The fund bought 7,728 shares of the transportation company’s stock, valued at approximately $670,000.

Several other hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of Canadian Pacific Kansas City by 3.8% in the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock worth $304,000 after acquiring an additional 130 shares during the last quarter. Foster Group Inc. boosted its stake in shares of Canadian Pacific Kansas City by 3.3% during the second quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock valued at $371,000 after acquiring an additional 137 shares during the last quarter. Modern Wealth Management LLC increased its position in Canadian Pacific Kansas City by 1.2% during the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock worth $950,000 after purchasing an additional 142 shares in the last quarter. Altshuler Shaham Ltd increased its position in Canadian Pacific Kansas City by 1.2% during the 1st quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock worth $926,000 after purchasing an additional 144 shares in the last quarter. Finally, Essex Financial Services Inc. raised its stake in Canadian Pacific Kansas City by 3.2% in the 1st quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.1%

Shares of CP stock opened at $94.04 on Monday. The firm’s 50-day simple moving average is $90.92 and its 200-day simple moving average is $86.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90. The firm has a market cap of $82.60 billion, a P/E ratio of 30.24, a PEG ratio of 1.83 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The firm 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 was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 earnings per share. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.72 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. Investors of record on Friday, September 25th will be given a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CP shares. Canadian Imperial Bank of Commerce upped their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Susquehanna lifted their price target on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. One investment 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.60.

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.