2,839 Shares in Canadian Pacific Kansas City Limited $CP Purchased by Mission Wealth Management LP

Mission Wealth Management LP bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, HoldingsChannel reports. The firm bought 2,839 shares of the transportation company’s stock, valued at approximately $225,000.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its position in Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after buying an additional 256 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter worth about $30,000. Hexagon Capital Partners LLC grew its position in Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after buying an additional 164 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter valued at approximately $35,000. Finally, Chilton Capital Management LLC acquired a new stake in Canadian Pacific Kansas City during the second quarter valued at approximately $49,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays set a $90.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.69.

Canadian Pacific Kansas City Stock Down 0.1%

Shares of CP opened at $70.61 on Wednesday. The company has a market capitalization of $63.58 billion, a P/E ratio of 21.53, a PEG ratio of 2.03 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The business’s 50 day simple moving average is $75.32 and its 200-day simple moving average is $76.93.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business 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 in the previous year, the firm earned $0.99 earnings per share. As a group, sell-side 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. Shareholders of record on Wednesday, December 31st will be given a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio is 20.12%.

Canadian Pacific Kansas City 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.