Invesco Ltd. boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,431,949 shares of the transportation company’s stock after purchasing an additional 303,464 shares during the quarter. Invesco Ltd. owned 2.61% of Canadian Pacific Kansas City worth $1,725,294,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $978,558,000. Janus Henderson Group PLC raised its stake in Canadian Pacific Kansas City by 586.1% during the 4th quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock worth $452,781,000 after buying an additional 5,251,755 shares during the period. FIL Ltd raised its stake in Canadian Pacific Kansas City by 20.2% during the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after buying an additional 2,804,686 shares during the period. BNP Paribas Financial Markets lifted its holdings in Canadian Pacific Kansas City by 206.0% during the fourth quarter. BNP Paribas Financial Markets now owns 2,830,409 shares of the transportation company’s stock worth $208,403,000 after acquiring an additional 1,905,302 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in Canadian Pacific Kansas City by 21.9% during the fourth quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock worth $620,925,000 after acquiring an additional 1,517,323 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Royal Bank Of Canada lowered their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Citigroup lifted their price objective on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Susquehanna reiterated a “positive” rating and issued a $104.00 price objective on shares of Canadian Pacific Kansas City in a research report on Friday, June 5th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.40.
Canadian Pacific Kansas City Price Performance
CP stock opened at $86.06 on Friday. The stock has a 50-day moving average price of $86.18 and a two-hundred day moving average price of $80.69. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $91.52. The stock has a market cap of $76.35 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.
Canadian Pacific Kansas City Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.
Canadian Pacific Kansas City Company 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.
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