Canadian Pacific Kansas City Limited $CP Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,448 shares of the transportation company’s stock after purchasing an additional 10,726 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Canadian Pacific Kansas City were worth $11,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Dilation Capital Management LP raised its holdings in shares of Canadian Pacific Kansas City by 4.4% in the 3rd quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock worth $12,683,000 after purchasing an additional 7,105 shares in the last quarter. AGF Management Ltd. boosted its holdings in Canadian Pacific Kansas City by 9.9% during the third quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock worth $149,215,000 after buying an additional 180,419 shares in the last quarter. Meixler Investment Management Ltd. acquired a new position in Canadian Pacific Kansas City in the third quarter worth approximately $1,644,000. Nicola Wealth Management LTD. increased its holdings in shares of Canadian Pacific Kansas City by 46.8% in the third quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock valued at $10,539,000 after buying an additional 45,100 shares in the last quarter. Finally, Cardinal Capital Management Inc. lifted its position in shares of Canadian Pacific Kansas City by 11.6% during the 3rd quarter. Cardinal Capital Management Inc. now owns 1,494,133 shares of the transportation company’s stock valued at $111,349,000 after acquiring an additional 155,640 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CP has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday. Natl Bk Canada lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Trading Up 0.9%

Shares of NYSE:CP opened at $81.15 on Tuesday. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The firm has a fifty day moving average price of $73.95 and a 200 day moving average price of $74.16. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $72.84 billion, a PE ratio of 25.12, a P/E/G ratio of 1.69 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 EPS. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.43%.

Canadian Pacific Kansas City Company 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.