Arista Wealth Management LLC Makes New $360,000 Investment in Canadian Pacific Kansas City Limited $CP

Arista Wealth Management LLC bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,540 shares of the transportation company’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Canadian Pacific Kansas City by 8.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 113,117 shares of the transportation company’s stock valued at $7,942,000 after purchasing an additional 8,627 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings 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 purchasing an additional 22,606 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Canadian Pacific Kansas City by 19.3% during the 1st quarter. QRG Capital Management Inc. now owns 15,276 shares of the transportation company’s stock valued at $1,072,000 after purchasing an additional 2,476 shares in the last quarter. Clarius Group LLC raised its holdings in shares of Canadian Pacific Kansas City by 16.4% during the 1st quarter. Clarius Group LLC now owns 4,807 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 677 shares in the last quarter. Finally, Vanderbilt University raised its holdings in shares of Canadian Pacific Kansas City by 21.7% during the 1st quarter. Vanderbilt University now owns 68,402 shares of the transportation company’s stock valued at $4,800,000 after purchasing an additional 12,185 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $76.61 on Friday. The company has a market capitalization of $69.47 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The company’s fifty day moving average price is $75.44 and its 200 day moving average price is $76.65.

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). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the business earned $1.05 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 8th. Barclays set a $90.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, October 2nd. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.38.

Canadian Pacific Kansas City Company 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.