Whittier Trust Co. Raises Stock Position in Canadian Pacific Kansas City Limited $CP

Whittier Trust Co. raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,175 shares of the transportation company’s stock after purchasing an additional 1,725 shares during the quarter. Whittier Trust Co.’s holdings in Canadian Pacific Kansas City were worth $2,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CP. Wealth Enhancement Advisory Services LLC lifted its position in Canadian Pacific Kansas City by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 113,117 shares of the transportation company’s stock valued at $7,942,000 after purchasing an additional 8,627 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 85.8% in the 1st quarter. Golden State Wealth Management LLC now owns 3,278 shares of the transportation company’s stock worth $230,000 after acquiring an additional 1,514 shares during the last quarter. Value Partners Investments Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 1,027.2% in the 1st quarter. Value Partners Investments Inc. now owns 517,900 shares of the transportation company’s stock worth $36,382,000 after acquiring an additional 471,953 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 3.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,909 shares of the transportation company’s stock worth $906,000 after acquiring an additional 448 shares during the last quarter. Finally, PDS Planning Inc lifted its holdings in shares of Canadian Pacific Kansas City by 4.0% in the 1st quarter. PDS Planning Inc now owns 5,604 shares of the transportation company’s stock worth $393,000 after acquiring an additional 214 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Up 1.2%

Shares of Canadian Pacific Kansas City stock opened at $76.51 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $75.51 and its two-hundred day simple moving average is $76.76. The company has a market cap of $69.38 billion, a P/E ratio of 23.83, a PEG ratio of 2.14 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65.

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 analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 earnings per share. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

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

Analyst Ratings Changes

CP has been the subject of a number of recent research reports. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Citigroup lowered their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.38.

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.