Principal Financial Group Inc. Sells 24,000 Shares of Canadian Pacific Kansas City Limited $CP

Posted by Geri Gentry on Jul 30th, 2026

Principal Financial Group Inc. trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 36.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 41,200 shares of the transportation company’s stock after selling 24,000 shares during the quarter. Principal Financial Group Inc.’s holdings in Canadian Pacific Kansas City were worth $3,232,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CP. Invesco Ltd. lifted its holdings in shares of Canadian Pacific Kansas City by 1.3% in the 4th quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock worth $1,725,294,000 after acquiring an additional 303,464 shares during the last quarter. FIL Ltd grew its holdings 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 valued at $1,227,045,000 after purchasing an additional 2,804,686 shares during the last quarter. Norges Bank bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $978,558,000. Geode Capital Management LLC raised its position in Canadian Pacific Kansas City by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after purchasing an additional 461,724 shares during the period. Finally, Cibc World Market Inc. lifted its stake in Canadian Pacific Kansas City by 21.9% in the fourth quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock worth $620,925,000 after purchasing an additional 1,517,323 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City News Roundup

Here are the key news stories impacting Canadian Pacific Kansas City this week:

Positive Sentiment: Revenue and adjusted earnings exceeded expectations. CPKC reported approximately C$4.2 billion in second-quarter revenue, up 12.6% year over year. Diluted EPS was C$1.15, while core adjusted diluted EPS reached C$1.27; Zacks reported adjusted earnings of US$0.92 per share versus a US$0.89 consensus estimate. Strong grain shipments, including the benefit of a large crop, supported revenue growth. CPKC reports strong Q2 results
Positive Sentiment: Management expects faster growth in the second half of 2026. The company highlighted its three-country network and anticipated acceleration in growth, which could support investor confidence if freight volumes and pricing improve. CP tops Q2 earnings and revenue estimates
Positive Sentiment: Dividend maintained. CPKC declared a quarterly dividend of C$0.268 per share, payable October 26 to shareholders of record September 25. The payout provides continued income support for shareholders. Canadian Pacific Kansas City declares dividend
Neutral Sentiment: Board chair succession was announced. Isabelle Courville retired as board chair, and longtime director and vice-chair Gordon Trafton succeeded her under the company’s planned succession process. The orderly transition limits disruption, but investors may monitor any changes in strategy or governance. CPKC board chair succession
Negative Sentiment: Profit declined year over year. Despite higher revenue and an earnings beat, reported EPS was below the prior-year period, reflecting pressure on profitability. Investors may remain concerned about costs, freight weakness and whether revenue growth will translate into sustained earnings expansion. Canadian Pacific rides bumper grain crop to higher revenues

Wall Street Analysts Forecast Growth

CP has been the subject of several recent analyst reports. Citizens Jmp started coverage on Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Citigroup increased their price target on Canadian Pacific Kansas City from $97.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Weiss Ratings raised Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Finally, ATB Cormark Capital Markets lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $104.91.

View Our Latest Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $91.35 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The stock has a market cap of $80.84 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. The firm has a 50-day moving average of $89.18 and a two-hundred day moving average of $83.88. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $93.95.

Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the company posted $1.12 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.69 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a $0.268 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is 24.07%.

Canadian Pacific Kansas City Company Profile

(Free Report)

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.