Janney Montgomery Scott LLC Has $8.12 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

Janney Montgomery Scott LLC raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,414 shares of the transportation company’s stock after buying an additional 1,203 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Canadian Pacific Kansas City were worth $8,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Canadian Pacific Kansas City by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock valued at $74,807,000 after buying an additional 31,508 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Canadian Pacific Kansas City by 70.0% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock valued at $421,000 after buying an additional 2,467 shares in the last quarter. CX Institutional acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth $61,000. Assenagon Asset Management S.A. grew its holdings in shares of Canadian Pacific Kansas City by 1.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company’s stock worth $2,012,000 after purchasing an additional 290 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Canadian Pacific Kansas City by 139.5% during the 1st quarter. Private Trust Co. NA now owns 1,353 shares of the transportation company’s stock worth $95,000 after purchasing an additional 788 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $77.60 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $70.38 billion, a PE ratio of 24.17, a P/E/G ratio of 2.18 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The stock has a 50-day moving average price of $75.16 and a two-hundred day moving average price of $76.38.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. Canadian Pacific Kansas City’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business 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 is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.

Analyst Ratings Changes

CP has been the topic of several analyst reports. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Saturday, September 27th. Citigroup increased their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Susquehanna reduced their target price on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday, September 25th. Finally, National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.80.

Canadian Pacific Kansas City 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.