B. Riley Wealth Advisors Inc. Acquires New Holdings in Canadian Pacific Kansas City Limited $CP

B. Riley Wealth Advisors Inc. purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,307 shares of the transportation company’s stock, valued at approximately $579,000.

A number of other institutional investors also recently modified their holdings of CP. Twin Peaks Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $27,000. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth about $35,000. Chilton Capital Management LLC bought a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at $49,000. WPG Advisers LLC acquired a new position in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $50,000. Finally, Chapman Financial Group LLC bought a new position in Canadian Pacific Kansas City during the second quarter worth about $56,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CP. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday. Evercore ISI cut their target price on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.69.

Canadian Pacific Kansas City Stock Down 1.5%

CP opened at $73.31 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65. The company has a market capitalization of $65.78 billion, a PE ratio of 22.35, a PEG ratio of 1.88 and a beta of 1.11. The firm’s 50 day simple moving average is $73.13 and its two-hundred day simple moving average is $75.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $0.99 EPS. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be paid a $0.228 dividend. The ex-dividend date is Wednesday, December 31st. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.12%.

About Canadian Pacific Kansas City

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.