Canadian Pacific Kansas City Limited $CP Shares Acquired by Tanager Wealth Management LLP

Tanager Wealth Management LLP grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,456 shares of the transportation company’s stock after purchasing an additional 181 shares during the period. Tanager Wealth Management LLP’s holdings in Canadian Pacific Kansas City were worth $274,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CP. North Capital Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock valued at $28,000 after buying an additional 256 shares in the last quarter. Cheviot Value Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $30,000. Hexagon Capital Partners LLC boosted its stake in shares of Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after buying an additional 164 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 0.4%

Shares of NYSE:CP opened at $74.82 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $84.70. The stock’s fifty day simple moving average is $75.15 and its 200-day simple moving average is $76.32. The company has a market capitalization of $67.85 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.09 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a $0.1651 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.56%.

Analyst Ratings Changes

A number of analysts recently weighed in on CP shares. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Susquehanna decreased their target price on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a research report on Thursday, September 25th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, Stephens boosted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

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.