Canadian Pacific Kansas City Limited $CP Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 86,512 shares of the transportation company’s stock after acquiring an additional 7,209 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Canadian Pacific Kansas City were worth $7,496,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce upped their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Citizens Jmp began coverage on shares of Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Susquehanna upped their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $93.53 on Friday. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $94.66. The business’s 50 day moving average price is $89.72 and its 200 day moving average price is $85.41. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The firm has a market cap of $82.16 billion, a P/E ratio of 30.08, a P/E/G ratio of 1.83 and a beta of 1.10.

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

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a $0.268 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is presently 25.08%.

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.