Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,039 shares of the transportation company’s stock after buying an additional 473 shares during the period. Daymark Wealth Partners LLC’s holdings in Canadian Pacific Kansas City were worth $365,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust boosted its stake in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares in the last quarter. Addison Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $34,000. Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $38,000. Finally, Kennebec Savings Bank purchased a new stake in Canadian Pacific Kansas City during the third quarter valued at about $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 2.1 %

Canadian Pacific Kansas City stock opened at $80.08 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The firm’s fifty day simple moving average is $74.71 and its 200-day simple moving average is $79.10. The company has a market capitalization of $74.76 billion, a P/E ratio of 28.60, a P/E/G ratio of 1.99 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate 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 net margin of 24.50% and a return on equity of 8.78%. 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 earned $0.69 earnings per share. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Barclays reduced their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Wells Fargo & Company lowered their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Sanford C. Bernstein reduced their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $92.63.

Canadian Pacific Kansas City Company 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.