Russell Investments Group Ltd. lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 60.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,579,331 shares of the transportation company’s stock after acquiring an additional 596,252 shares during the period. Russell Investments Group Ltd. owned 0.18% of Canadian Pacific Kansas City worth $136,857,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Intech Investment Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Sivia Capital Partners LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at $206,000. Prudential Financial Inc. raised its holdings in Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after buying an additional 415 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Canadian Pacific Kansas City by 39.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after buying an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Wall Street Analysts Forecast Growth
CP has been the subject of several recent analyst reports. Susquehanna lifted their price objective on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.60.
Canadian Pacific Kansas City Price Performance
Shares of CP stock opened at $93.53 on Friday. The stock has a 50 day moving average price of $89.72 and a 200 day moving average price of $85.41. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $94.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The firm has a market capitalization of $82.16 billion, a P/E ratio of 30.08, a P/E/G ratio of 1.83 and a beta of 1.10.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $2.93 billion for 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%.Canadian Pacific Kansas City’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 EPS. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.
Canadian Pacific Kansas City Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is currently 25.08%.
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.
Recommended Stories
- Five stocks we like better than Canadian Pacific Kansas City
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP).
Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.
