Cannell & Spears LLC Has $10.14 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Cannell & Spears LLC lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,799 shares of the transportation company’s stock after acquiring an additional 6,695 shares during the period. Cannell & Spears LLC’s holdings in Canadian Pacific Kansas City were worth $10,140,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CP. Prosperity Bancshares Inc acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $29,000. McMillan Office Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth about $35,000. Finally, Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.1%

CP stock opened at $92.40 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $93.95. The company has a fifty day simple moving average of $88.86 and a 200 day simple moving average of $83.39. The firm has a market cap of $81.78 billion, a PE ratio of 28.52, a PEG ratio of 1.84 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.69 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is currently 24.07%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. Wells Fargo & Company upped their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce raised their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $104.91.

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.