Canadian Pacific Kansas City Limited $CP Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 162,592 shares of the transportation company’s stock after selling 8,639 shares during the period. Oppenheimer & Co. Inc.’s holdings in Canadian Pacific Kansas City were worth $12,111,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CP. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $27,000. Caldwell Trust Co purchased a new position in Canadian Pacific Kansas City during the third quarter worth approximately $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. Cornerstone Planning Group LLC grew its stake in shares of Canadian Pacific Kansas City by 205.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after buying an additional 335 shares during the period. Finally, SJS Investment Consulting Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $81.15 on Tuesday. The firm has a 50-day moving average of $73.95 and a two-hundred day moving average of $74.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The stock has a market cap of $72.84 billion, a P/E ratio of 25.12, a PEG ratio of 1.69 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65.

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

Canadian Pacific Kansas City Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CP shares. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Citigroup reduced their price objective on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 target price (down previously from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City 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.