B. Riley Wealth Advisors Inc. Grows Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

B. Riley Wealth Advisors Inc. boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,076 shares of the transportation company’s stock after purchasing an additional 2,976 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Canadian Pacific Kansas City were worth $1,594,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CP. Norges Bank acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $979,890,000. TD Asset Management Inc boosted its holdings in shares of Canadian Pacific Kansas City by 47.7% during the fourth quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after purchasing an additional 6,835,271 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Canadian Pacific Kansas City by 757.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock worth $342,191,000 after purchasing an additional 3,801,910 shares during the last quarter. Meritage Group LP acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $207,850,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Canadian Pacific Kansas City by 36.3% during the fourth quarter. Clearbridge Investments LLC now owns 7,581,167 shares of the transportation company’s stock worth $599,367,000 after purchasing an additional 2,018,375 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CP. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Evercore ISI cut their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Evercore dropped their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group lowered their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.70.

Canadian Pacific Kansas City Stock Up 2.1 %

Shares of Canadian Pacific Kansas City stock opened at $83.82 on Thursday. The stock has a 50-day moving average price of $79.80 and a 200 day moving average price of $82.73. The company has a market cap of $78.21 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.31 and a beta of 0.96. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.31. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.83% and a net margin of 24.45%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.12 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is 17.95%.

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.