Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,008 shares of the transportation company’s stock after acquiring an additional 6,422 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Canadian Pacific Kansas City were worth $11,585,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $33,000. New York State Common Retirement Fund grew its position in Canadian Pacific Kansas City by 37.8% during the fourth quarter. New York State Common Retirement Fund now owns 168,229 shares of the transportation company’s stock worth $12,175,000 after buying an additional 46,171 shares during the period. Concurrent Investment Advisors LLC increased its holdings in Canadian Pacific Kansas City by 41.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,523 shares of the transportation company’s stock valued at $255,000 after buying an additional 1,039 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Canadian Pacific Kansas City by 7.4% during the 4th quarter. Allianz Asset Management GmbH now owns 851,854 shares of the transportation company’s stock valued at $61,647,000 after acquiring an additional 58,709 shares during the period. Finally, Bradley Foster & Sargent Inc. CT lifted its position in shares of Canadian Pacific Kansas City by 8.0% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 5,071 shares of the transportation company’s stock valued at $367,000 after acquiring an additional 374 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.0%

Shares of NYSE CP opened at $80.19 on Monday. The firm has a market cap of $73.89 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The firm’s 50 day moving average price is $77.85 and its 200 day moving average price is $75.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 earnings per share. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.91%.

Wall Street Analyst Weigh In

A number of research firms have commented on CP. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Royal Bank Of Canada cut their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group reissued a “neutral” rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.66.

About Canadian Pacific Kansas City

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.