Arkadios Wealth Advisors Acquires 355 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Arkadios Wealth Advisors raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,268 shares of the transportation company’s stock after acquiring an additional 355 shares during the quarter. Arkadios Wealth Advisors’ holdings in Canadian Pacific Kansas City were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. LRI Investments LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $32,000. ORG Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth $39,000. Tobam purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $51,000. Rational Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $52,000. Finally, Partnership Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $52,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Susquehanna restated a “neutral” rating and set a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Jefferies Financial Group decreased their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Barclays decreased their price objective on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Stifel Nicolaus upped their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.56.

Canadian Pacific Kansas City Stock Up 0.8 %

Shares of CP stock opened at $82.98 on Friday. The stock’s 50-day simple moving average is $80.53 and its 200-day simple moving average is $82.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.43 and a current ratio of 0.51. The firm has a market capitalization of $77.43 billion, a PE ratio of 26.58, a P/E/G ratio of 2.27 and a beta of 0.96. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.11 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a dividend of $0.1373 per share. This represents a $0.55 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.31%.

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.