Oppenheimer & Co. Inc. Acquires 461 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Oppenheimer & Co. Inc. raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,638 shares of the transportation company’s stock after acquiring an additional 461 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Canadian Pacific Kansas City were worth $15,708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Grove Bank & Trust increased its holdings 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. Addison Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the period. LRI Investments LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $32,000. Chris Bulman Inc purchased a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $35,000. Finally, Asset Dedication LLC purchased a new position in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $38,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP traded down $0.34 during trading on Wednesday, reaching $76.55. 98,060 shares of the company’s stock traded hands, compared to its average volume of 2,131,470. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.27 and a fifty-two week high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market cap of $71.45 billion, a PE ratio of 27.46, a P/E/G ratio of 2.30 and a beta of 0.98. The company has a 50-day simple moving average of $81.94 and a 200-day simple moving average of $80.74.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.64%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CP shares. Evercore ISI boosted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Sanford C. Bernstein decreased their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Jefferies Financial Group decreased their price target on shares of 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. Barclays boosted 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 note on Wednesday, September 25th. Finally, Bank of America decreased their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.68.

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.