NewEdge Wealth LLC Has $1.23 Million Position in Canadian Pacific Kansas City Limited $CP

NewEdge Wealth LLC lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,508 shares of the transportation company’s stock after selling 7,407 shares during the quarter. NewEdge Wealth LLC’s holdings in Canadian Pacific Kansas City were worth $1,232,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $27,000. Caldwell Trust Co bought a new position in Canadian Pacific Kansas City during the third quarter valued at about $30,000. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter worth about $35,000. Cornerstone Planning Group LLC lifted its position in shares of Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after buying an additional 335 shares during the last quarter. Finally, SJS Investment Consulting Inc. bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $39,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CP. Citigroup reduced their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. National Bank Financial lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Susquehanna set a $87.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Trading Up 0.5%

CP stock opened at $85.14 on Monday. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $85.56. 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 business’s 50 day moving average is $75.74 and its 200-day moving average is $74.71. The firm has a market cap of $76.44 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.81 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced 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 net margin of 27.49% and a return on equity of 8.88%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the firm earned $1.29 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate 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 company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a dividend of $0.228 per share. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.43%.

About Canadian Pacific Kansas City

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.