Allworth Financial LP Grows Stock Holdings in Canadian Pacific Kansas City Limited $CP

Allworth Financial LP boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 88,569 shares of the transportation company’s stock after buying an additional 712 shares during the period. Allworth Financial LP’s holdings in Canadian Pacific Kansas City were worth $7,021,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cheviot Value Management LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter worth about $30,000. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Chilton Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $49,000. WPG Advisers LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter valued at $50,000. Finally, LRI Investments LLC lifted its holdings in Canadian Pacific Kansas City by 42.1% in the second quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CP shares. Jefferies Financial Group set a $90.00 target price on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays set a $90.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada reduced their price objective on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City Stock Up 0.6%

Canadian Pacific Kansas City stock opened at $71.44 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The firm has a market capitalization of $64.33 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.08. The stock’s fifty day moving average is $74.73 and its two-hundred day moving average is $76.85. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same period last year, the firm earned $0.99 earnings per share. Analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is currently 20.12%.

Canadian Pacific Kansas City Company 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.