Obermeyer Wealth Partners Acquires Shares of 4,726 Canadian Pacific Kansas City Limited $CP

Obermeyer Wealth Partners acquired a new stake 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 acquired 4,726 shares of the transportation company’s stock, valued at approximately $375,000.

A number of other hedge funds also recently bought and sold shares of CP. Capital Insight Partners LLC grew its stake in shares of Canadian Pacific Kansas City by 0.4% in the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company’s stock valued at $2,858,000 after buying an additional 143 shares during the period. Redmond Asset Management LLC boosted its position in shares of Canadian Pacific Kansas City by 0.5% during the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock worth $2,220,000 after purchasing an additional 148 shares during the period. Accretive Wealth Partners LLC boosted its position in shares of Canadian Pacific Kansas City by 1.3% during the 2nd quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock worth $936,000 after purchasing an additional 157 shares during the period. Financial Partners Group Inc boosted its position in shares of Canadian Pacific Kansas City by 0.3% during the 1st quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company’s stock worth $3,464,000 after purchasing an additional 158 shares during the period. Finally, Lindbrook Capital LLC boosted its position in Canadian Pacific Kansas City by 6.3% in the 1st quarter. Lindbrook Capital LLC now owns 2,708 shares of the transportation company’s stock valued at $190,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $70.64 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The company has a market capitalization of $63.61 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.06 and a beta of 1.08. The company’s 50 day simple moving average is $75.43 and its 200 day simple moving average is $76.96. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same period in the previous year, the company posted $0.99 EPS. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s payout ratio is 20.12%.

Analyst Ratings Changes

Several equities analysts have commented on CP shares. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Evercore ISI cut their price target on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, Royal Bank Of Canada lowered their target price on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.69.

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.