Elevation Point Wealth Partners LLC Grows Position in Canadian Pacific Kansas City Limited $CP

Elevation Point Wealth Partners LLC lifted its position in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 113.0% during the 1st quarter, Holdings Channel reports. The firm owned 37,162 shares of the transportation company’s stock after acquiring an additional 19,715 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Canadian Pacific Kansas City were worth $2,924,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Prosperity Bancshares Inc bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $26,000. Gilpin Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth $29,000. McMillan Office Inc. purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $31,000. Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $36,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter worth about $35,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 0.1%

NYSE:CP opened at $87.91 on Friday. The firm’s 50-day moving average price is $87.29 and its 200-day moving average price is $81.62. The company has a market capitalization of $77.80 billion, a PE ratio of 27.13, a P/E/G ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.52.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the business earned $1.06 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.75 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is 24.07%.

Analysts Set New Price Targets

CP has been the topic of a number of research analyst reports. Citigroup boosted their price target on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.30.

Read Our Latest Research Report on CP

About Canadian Pacific Kansas City

(Free Report)

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.

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Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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