Elefante Mark B Makes New $597,000 Investment in Canadian Pacific Kansas City Limited $CP

Elefante Mark B purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,891 shares of the transportation company’s stock, valued at approximately $597,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Nebraska Trust Co purchased a new position in shares of Canadian Pacific Kansas City in the second quarter worth about $264,000. Bank of Nova Scotia purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $193,247,000. Elevation Point Wealth Partners LLC purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $3,258,000. Commerce Bank acquired a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $3,613,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $5,895,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CP. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Citizens Jmp began coverage on shares of Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Finally, Evercore set a $99.00 price objective on Canadian Pacific Kansas City in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $96.81 on Monday. The company’s 50-day moving average price is $90.21 and its 200-day moving average price is $86.24. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The company has a market cap of $85.04 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.89 and a beta of 1.10. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. Canadian Pacific Kansas City’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 EPS. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 25.08%.

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.