Compass Wealth Management LLC Sells 6,684 Shares of Canadian Pacific Kansas City Limited $CP

Compass Wealth Management LLC reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,445 shares of the transportation company’s stock after selling 6,684 shares during the period. Compass Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $4,974,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CP. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $802,983,000. The Manufacturers Life Insurance Company bought a new stake in Canadian Pacific Kansas City during the second quarter worth approximately $657,672,000. Legal & General Group Plc bought a new stake in Canadian Pacific Kansas City during the second quarter worth approximately $604,797,000. Jupiter Topco LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at approximately $576,687,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at approximately $542,469,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $90.70 on Friday. The company has a market capitalization of $79.37 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.85 and a beta of 1.13. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $96.90. The firm’s 50-day moving average is $89.23 and its 200 day moving average is $88.19. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the company posted $1.12 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a C$0.27 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is presently 24.76%.

Analyst Upgrades and Downgrades

CP has been the subject of several analyst reports. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, June 25th. Evercore set a $99.00 target price on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th. Finally, Canadian Imperial Bank of Commerce raised their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.83.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.