Pathway Financial Advisers LLC Has $8.83 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

by · The Cerbat Gem

Pathway Financial Advisers LLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 8,456.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,195 shares of the transportation company’s stock after acquiring an additional 101,989 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Canadian Pacific Kansas City were worth $8,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. NorthCrest Asset Manangement LLC raised its holdings in Canadian Pacific Kansas City by 0.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 213,409 shares of the transportation company’s stock valued at $18,255,000 after acquiring an additional 1,317 shares in the last quarter. Forsta AP Fonden raised its stake in shares of Canadian Pacific Kansas City by 17.7% in the third quarter. Forsta AP Fonden now owns 185,300 shares of the transportation company’s stock valued at $15,866,000 after purchasing an additional 27,800 shares in the last quarter. Mediolanum International Funds Ltd boosted its stake in Canadian Pacific Kansas City by 27.5% during the third quarter. Mediolanum International Funds Ltd now owns 6,110 shares of the transportation company’s stock worth $523,000 after buying an additional 1,317 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Canadian Pacific Kansas City by 7.0% in the 3rd quarter. Ballentine Partners LLC now owns 5,248 shares of the transportation company’s stock valued at $449,000 after buying an additional 343 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Canadian Pacific Kansas City by 12.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 26,624 shares of the transportation company’s stock worth $2,280,000 after acquiring an additional 2,862 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 1.8 %

Shares of NYSE:CP traded down $1.40 during midday trading on Friday, hitting $77.11. The company had a trading volume of 1,775,301 shares, compared to its average volume of 2,108,632. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12 month low of $69.07 and a 12 month high of $91.58. The firm has a fifty day simple moving average of $82.86 and a 200 day simple moving average of $81.40. The stock has a market cap of $71.95 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CP shares. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their target price for the stock from $94.00 to $92.00 in a report on Thursday. Citigroup upped their price target on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI boosted their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Finally, Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $97.78.

Get Our Latest Research Report on CP

Canadian Pacific Kansas City Company Profile

(Free Report)

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.

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