Daiwa Securities Group Inc. grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,355 shares of the transportation company’s stock after purchasing an additional 10,570 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Canadian Pacific Kansas City were worth $7,021,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in CP. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter valued at about $35,000. Wealth Watch Advisors INC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at about $36,000. Aventura Private Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $37,000. McIlrath & Eck LLC boosted its stake in shares of Canadian Pacific Kansas City by 475.3% during the fourth quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 423 shares in the last quarter. Finally, Albion Financial Group UT boosted its stake in shares of Canadian Pacific Kansas City by 451.7% during the fourth quarter. Albion Financial Group UT now owns 640 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 524 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CP has been the topic of a number of recent research reports. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Sanford C. Bernstein lifted their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Friday, May 29th. Finally, Citigroup lifted their price objective on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.63.
Canadian Pacific Kansas City Price Performance
Shares of CP opened at $90.07 on Monday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $91.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The business’s 50 day moving average price is $84.36 and its two-hundred day moving average price is $79.54. The firm has a market cap of $79.91 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.09.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. Canadian Pacific Kansas City’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.
Canadian Pacific Kansas City Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.68%.
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.
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