Alchemi Wealth LLC Purchases Shares of 5,659 Canadian Pacific Kansas City Limited $CP

Alchemi Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,659 shares of the transportation company’s stock, valued at approximately $417,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rothschild & Co Wealth Management UK Ltd lifted its position in Canadian Pacific Kansas City by 0.9% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after acquiring an additional 48,258 shares during the last quarter. Templeton & Phillips Capital Management LLC raised its position in shares of Canadian Pacific Kansas City by 100.0% during the third quarter. Templeton & Phillips Capital Management LLC now owns 28,660 shares of the transportation company’s stock valued at $2,135,000 after buying an additional 14,330 shares during the last quarter. Fiera Capital Corp raised its position in shares of Canadian Pacific Kansas City by 3.1% during the third quarter. Fiera Capital Corp now owns 5,864,045 shares of the transportation company’s stock valued at $436,581,000 after buying an additional 178,661 shares during the last quarter. Thornburg Investment Management Inc. raised its position in shares of Canadian Pacific Kansas City by 12.2% during the third quarter. Thornburg Investment Management Inc. now owns 2,295,096 shares of the transportation company’s stock valued at $170,962,000 after buying an additional 250,341 shares during the last quarter. Finally, Cardinal Capital Management Inc. raised its position in shares of Canadian Pacific Kansas City by 3.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock valued at $114,094,000 after buying an additional 55,423 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $89.99 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $79.84 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 1.91 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.50. The firm’s 50-day moving average price is $85.52 and its two-hundred day moving average price is $80.18.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.Canadian Pacific Kansas City’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 earnings per share. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is currently 20.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CP. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Citigroup upped their price objective on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Friday, May 29th. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.22.

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.