Alchemi Wealth LLC Takes Position in Canadian Pacific Kansas City Limited $CP

Alchemi Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 5,659 shares of the transportation company’s stock, valued at approximately $417,000.

Several other hedge funds have also modified their holdings of CP. Intech Investment Management LLC grew its stake in shares of Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $35,000. Sivia Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $206,000. Prudential Financial Inc. grew its stake in shares of Canadian Pacific Kansas City by 8.7% during the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after purchasing an additional 415 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 369 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Trading Up 0.8%

CP opened at $89.99 on Friday. The firm’s fifty day moving average is $85.52 and its two-hundred day moving average is $80.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The firm has a market cap of $79.84 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $91.50.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last posted its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $1.06 earnings per share. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be issued a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.68%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CP. Citigroup increased their price target on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Susquehanna restated a “positive” rating and issued a $104.00 price objective on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.22.

View Our Latest Stock Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP).

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

Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.