RFG Advisory LLC Has $573,000 Stake in Canadian Pacific Kansas City Limited $CP

RFG Advisory LLC decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,224 shares of the transportation company’s stock after selling 378 shares during the period. RFG Advisory LLC’s holdings in Canadian Pacific Kansas City were worth $573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in Canadian Pacific Kansas City by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock worth $74,807,000 after purchasing an additional 31,508 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 70.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock valued at $421,000 after buying an additional 2,467 shares during the period. Vanderbilt University boosted its stake in shares of Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock valued at $5,982,000 after buying an additional 7,050 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Canadian Pacific Kansas City by 28.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company’s stock valued at $7,106,000 after buying an additional 22,606 shares during the period. Finally, Ninety One North America Inc. boosted its stake in shares of Canadian Pacific Kansas City by 135.7% during the 2nd quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock valued at $16,394,000 after buying an additional 119,052 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of research reports. Susquehanna decreased their target price on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a research note on Thursday, September 25th. Citigroup decreased their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, October 13th. 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 note on Wednesday, July 30th. Finally, Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.38.

Canadian Pacific Kansas City Stock Up 1.5%

CP stock opened at $76.61 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a fifty day simple moving average of $75.44 and a 200 day simple moving average of $76.65. The firm has a market cap of $69.47 billion, a PE ratio of 23.87, a PEG ratio of 2.13 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate 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 return on equity of 8.69% and a net margin of 28.05%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.05 EPS. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

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

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.