Mayflower Financial Advisors LLC Acquires 147 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Mayflower Financial Advisors LLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,843 shares of the transportation company’s stock after purchasing an additional 147 shares during the period. Mayflower Financial Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City in the 1st quarter worth about $32,000. ORG Partners LLC purchased a new position in Canadian Pacific Kansas City during the second quarter valued at approximately $39,000. Tobam purchased a new position in Canadian Pacific Kansas City during the first quarter valued at approximately $51,000. Partnership Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $52,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $76,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CP. Susquehanna reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Sanford C. Bernstein increased their target price on 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. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Stifel Nicolaus upped their price target on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company initiated coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $96.56.

Canadian Pacific Kansas City Trading Down 0.1 %

Shares of Canadian Pacific Kansas City stock traded down $0.05 on Thursday, reaching $84.42. The company had a trading volume of 90,681 shares, compared to its average volume of 2,090,701. The firm has a market cap of $78.77 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 2.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The firm’s 50-day moving average price is $80.86 and its two-hundred day moving average price is $82.55. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.09 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 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.