Mufg Securities Canada LTD. lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 5.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,255,756 shares of the transportation company’s stock after selling 75,887 shares during the period. Canadian Pacific Kansas City makes up about 2.9% of Mufg Securities Canada LTD.’s holdings, making the stock its 13th largest holding. Mufg Securities Canada LTD.’s holdings in Canadian Pacific Kansas City were worth $108,698,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Fiduciary Financial Advisors acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter worth approximately $25,000. Prosperity Bancshares Inc bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $29,000. McMillan Office Inc. bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $31,000. Finally, Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Wall Street Analysts Forecast Growth
CP has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Wells Fargo & Company lifted their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $108.60.
Canadian Pacific Kansas City Price Performance
Shares of NYSE:CP opened at $92.64 on Tuesday. The firm has a market capitalization of $81.37 billion, a PE ratio of 29.79, a PEG ratio of 1.83 and a beta of 1.10. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90. The business’s 50 day moving average is $91.06 and its 200-day moving average is $86.83.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the business earned $1.12 earnings per share. Canadian Pacific Kansas City’s quarterly revenue was up 12.6% compared to the same quarter last year. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current year.
Canadian Pacific Kansas City Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is 25.08%.
Canadian Pacific Kansas City 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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