Corient Private Wealth LP Buys Shares of 331,252 Canadian Pacific Kansas City Limited $CP

Corient Private Wealth LP acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 331,252 shares of the transportation company’s stock, valued at approximately $28,703,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CP. Norges Bank acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $978,558,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $802,983,000. The Manufacturers Life Insurance Company bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $657,672,000. Legal & General Group Plc bought a new stake in Canadian Pacific Kansas City in the second quarter worth $604,797,000. Finally, Jupiter Topco LLC acquired a new position in Canadian Pacific Kansas City during the second quarter worth $576,687,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the topic of several recent research reports. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Weiss Ratings raised Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Canadian Imperial Bank of Commerce boosted their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th. Argus set a $105.00 target price on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Finally, Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $93.89 on Friday. The firm has a fifty day moving average price of $90.76 and a two-hundred day moving average price of $86.67. The company has a market cap of $82.47 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the business earned $1.12 earnings per share. Analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS 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 issued a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis 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 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.