Madison Asset Management LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,311 shares of the transportation company’s stock, valued at approximately $2,280,000.
A number of other large investors have also added to or reduced their stakes in the stock. Rothschild & Co Wealth Management UK Ltd raised its stake in shares of Canadian Pacific Kansas City by 0.9% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock valued at $394,156,000 after acquiring an additional 48,258 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 6.2% in the fourth quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after purchasing an additional 37,044 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $1,983,000. Saranac Partners Ltd acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $5,973,000. Finally, WGI DM LLC increased its holdings in Canadian Pacific Kansas City by 3.9% in the fourth quarter. WGI DM LLC now owns 437,824 shares of the transportation company’s stock valued at $32,237,000 after purchasing an additional 16,282 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Analyst Ratings Changes
Several research analysts have commented on CP shares. Susquehanna lifted their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. 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. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings upgraded Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.60.
Canadian Pacific Kansas City Price Performance
Shares of NYSE CP opened at $94.96 on Friday. The company has a market capitalization of $83.41 billion, a PE ratio of 30.53, a P/E/G 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 twelve month low of $68.42 and a twelve month high of $95.99. The firm has a fifty day simple moving average of $90.07 and a 200 day simple moving average of $86.08.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.
Canadian Pacific Kansas City Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a $0.268 dividend. 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
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
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.
