Canadian Pacific Kansas City Limited $CP Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 12,903.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 874,710 shares of the transportation company’s stock after purchasing an additional 867,983 shares during the quarter. Vontobel Holding Ltd. owned about 0.10% of Canadian Pacific Kansas City worth $75,760,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CP. Prosperity Bancshares Inc acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $29,000. McMillan Office Inc. purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $31,000. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth $35,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the subject of a number of analyst reports. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Finally, Wells Fargo & Company raised their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given 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 an average price target of $108.60.

Check Out Our Latest Analysis on CP

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $93.53 on Friday. The firm has a market cap of $82.16 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $94.66. The business’s fifty day simple moving average is $89.72 and its 200-day simple moving average is $85.41.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.

About Canadian Pacific Kansas City

(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.

See Also

Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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