Parr Mcknight Wealth Management Group LLC Buys 19,735 Shares of Canadian Pacific Kansas City Limited $CP

Parr Mcknight Wealth Management Group LLC lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 99.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,481 shares of the transportation company’s stock after purchasing an additional 19,735 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Canadian Pacific Kansas City were worth $3,106,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CP. Cromwell Holdings LLC lifted its stake in Canadian Pacific Kansas City by 8.1% in the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 145 shares during the last quarter. Essex Financial Services Inc. increased its position in Canadian Pacific Kansas City by 3.2% in the first quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company’s stock worth $376,000 after buying an additional 149 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Canadian Pacific Kansas City by 3.2% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock valued at $371,000 after buying an additional 157 shares during the last quarter. Fortune Financial Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 1.2% during the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after buying an additional 158 shares during the last quarter. Finally, Brookstone Capital Management grew its stake in shares of Canadian Pacific Kansas City by 1.2% during the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock worth $1,057,000 after acquiring an additional 176 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CP shares. Wells Fargo & Company lifted their price objective on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $97.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Finally, National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $104.73.

Canadian Pacific Kansas City Price Performance

CP stock opened at $90.17 on Monday. The firm has a 50 day moving average of $87.60 and a 200-day moving average of $82.22. The firm has a market capitalization of $79.80 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $91.52. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the company posted $1.06 EPS. The business’s revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.71 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 23.77%.

Canadian Pacific Kansas City Profile

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.