Value Partners Investments Inc. reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 22.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 561,589 shares of the transportation company’s stock after selling 163,018 shares during the quarter. Canadian Pacific Kansas City makes up about 3.3% of Value Partners Investments Inc.’s holdings, making the stock its 15th biggest holding. Value Partners Investments Inc. owned about 0.06% of Canadian Pacific Kansas City worth $47,973,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at approximately $802,983,000. The Manufacturers Life Insurance Company bought a new position in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $657,672,000. Legal & General Group Plc bought a new position in Canadian Pacific Kansas City during the 2nd quarter valued at about $604,797,000. Jupiter Topco LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $576,687,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $542,469,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Canadian Pacific Kansas City Stock Performance
CP traded down $0.72 during midday trading on Monday, reaching $86.64. The company had a trading volume of 1,661,896 shares, compared to its average volume of 2,655,065. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The company has a market cap of $75.82 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.84 and a beta of 1.13. The business has a 50-day moving average of $89.49 and a two-hundred day moving average of $87.98.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last released 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. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 EPS. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.68 earnings per share for the current fiscal year.
Canadian Pacific Kansas City Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued a C$0.27 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is currently 24.76%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th. Canadian Imperial Bank of Commerce increased their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Zacks Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. 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. Finally, Weiss Ratings upgraded Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $111.83.
Read Our Latest Research Report on Canadian Pacific Kansas City
About Canadian Pacific Kansas City
Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.
CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.
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