Cohen Klingenstein LLC Has $8.89 Million Position in Canadian Pacific Kansas City Limited $CP

Cohen Klingenstein LLC lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 112,193 shares of the transportation company’s stock after selling 620 shares during the period. Cohen Klingenstein LLC’s holdings in Canadian Pacific Kansas City were worth $8,894,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Canadian Pacific Kansas City by 5,799.2% in the first quarter. GAMMA Investing LLC now owns 172,787 shares of the transportation company’s stock valued at $12,131,000 after buying an additional 169,858 shares in the last quarter. Merit Financial Group LLC lifted its position in Canadian Pacific Kansas City by 103.3% in the 1st quarter. Merit Financial Group LLC now owns 8,104 shares of the transportation company’s stock valued at $569,000 after acquiring an additional 4,118 shares in the last quarter. Fulton Bank N.A. lifted its position in Canadian Pacific Kansas City by 17.1% in the 1st quarter. Fulton Bank N.A. now owns 3,437 shares of the transportation company’s stock valued at $241,000 after acquiring an additional 502 shares in the last quarter. RFG Advisory LLC boosted its stake in Canadian Pacific Kansas City by 2.4% in the 1st quarter. RFG Advisory LLC now owns 7,602 shares of the transportation company’s stock worth $534,000 after purchasing an additional 176 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian Pacific Kansas City by 21.1% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,976 shares of the transportation company’s stock worth $139,000 after purchasing an additional 344 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $74.82 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 $75.15 and its 200 day simple moving average is $76.32. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $84.70. The company has a market cap of $67.85 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.09 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a $0.1651 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CP shares. Barclays boosted their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Stephens upped their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Canadian Pacific Kansas City 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.