Waldron Private Wealth LLC Purchases 511 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Waldron Private Wealth LLC raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,926 shares of the transportation company’s stock after purchasing an additional 511 shares during the quarter. Waldron Private Wealth LLC’s holdings in Canadian Pacific Kansas City were worth $935,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Grove Bank & Trust grew its stake in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the last quarter. LRI Investments LLC bought a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $32,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City in the second quarter worth approximately $35,000. Asset Dedication LLC bought a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $38,000. Finally, ORG Partners LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $39,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $79.64 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The firm has a market cap of $74.31 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a fifty day moving average price of $82.91 and a 200-day moving average price of $81.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.31. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.2 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. Shareholders of record on Friday, September 27th will be given a $0.1373 dividend. This represents a $0.55 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is 17.31%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Susquehanna boosted their price objective on Canadian Pacific Kansas City from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Evercore ISI raised their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Finally, Barclays raised their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $97.90.

Canadian Pacific Kansas City Company 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.