Transcend Capital Advisors LLC Buys New Shares in Canadian Pacific Kansas City Limited (NYSE:CP)

Transcend Capital Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,129 shares of the transportation company’s stock, valued at approximately $640,000.

Other hedge funds also recently bought and sold shares of the company. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter worth approximately $32,000. Tobam purchased a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $51,000. Rational Advisors LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth $52,000. Partnership Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $52,000. Finally, Northwest Investment Counselors LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at $76,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CP shares. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Evercore decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Sanford C. Bernstein upped their target price on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Susquehanna reiterated a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group lowered their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

Canadian Pacific Kansas City Stock Down 2.3 %

Shares of NYSE CP traded down $1.81 during midday trading on Monday, reaching $77.00. The company’s stock had a trading volume of 1,071,136 shares, compared to its average volume of 2,164,526. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The stock has a 50 day simple moving average of $79.80 and a 200-day simple moving average of $82.81. The stock has a market capitalization of $71.85 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 2.27 and a beta of 0.96. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.11 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.31%.

Canadian Pacific Kansas City 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.