Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,039 shares of the transportation company’s stock after buying an additional 473 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Canadian Pacific Kansas City were worth $365,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of Canadian Pacific Kansas City by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company’s stock valued at $909,721,000 after purchasing an additional 216,062 shares during the period. JPMorgan Chase & Co. increased its stake in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after buying an additional 381,594 shares during the period. Franklin Resources Inc. lifted its holdings in Canadian Pacific Kansas City by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after buying an additional 537,418 shares in the last quarter. Fiera Capital Corp boosted its position in Canadian Pacific Kansas City by 1.9% in the 3rd quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company’s stock valued at $497,918,000 after buying an additional 107,183 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 7.8% during the third quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock valued at $373,540,000 after acquiring an additional 313,298 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CP has been the subject of a number of analyst reports. Sanford C. Bernstein reduced their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Barclays cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company dropped their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Bank of America cut their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $92.63.

Canadian Pacific Kansas City Stock Performance

CP opened at $80.08 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The stock has a market cap of $74.76 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. The business’s 50 day moving average is $74.71 and its 200-day moving average is $79.10. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the company posted $0.69 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3 earnings per share for the current year.

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.