Markel Group Inc. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,500 shares of the transportation company’s stock after buying an additional 6,500 shares during the period. Markel Group Inc.’s holdings in Canadian Pacific Kansas City were worth $6,765,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of CP. Saranac Partners Ltd bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $6,773,000. Vontobel Holding Ltd. grew its stake in Canadian Pacific Kansas City by 12,903.0% in the second quarter. Vontobel Holding Ltd. now owns 874,710 shares of the transportation company’s stock worth $75,760,000 after purchasing an additional 867,983 shares during the period. Russell Investments Group Ltd. raised its holdings in Canadian Pacific Kansas City by 60.7% in the second quarter. Russell Investments Group Ltd. now owns 1,579,331 shares of the transportation company’s stock worth $136,857,000 after purchasing an additional 596,252 shares in the last quarter. State Street Corp raised its holdings in Canadian Pacific Kansas City by 14.5% in the second quarter. State Street Corp now owns 505,266 shares of the transportation company’s stock worth $43,873,000 after purchasing an additional 64,170 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Canadian Pacific Kansas City in the second quarter worth $1,043,000. 72.20% of the stock is owned by institutional investors.
Canadian Pacific Kansas City Stock Performance
Canadian Pacific Kansas City stock opened at $91.17 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $79.28 billion, a P/E ratio of 25.84, a PEG ratio of 1.93 and a beta of 1.06. The stock’s 50 day moving average is $88.58 and its 200 day moving average is $86.10. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $96.90.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 28th. The transportation company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.96 billion. Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.27%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. On average, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.67 earnings per share for the current fiscal year.
Canadian Pacific Kansas City Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, January 25th. Shareholders of record on Thursday, December 31st will be issued a C$0.27 dividend. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 31st. Canadian Pacific Kansas City’s payout ratio is 24.68%.
Analysts Set New Price Targets
Several brokerages have commented on CP. Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 24th. Wells Fargo & Company upped their target price on shares of 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. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 29th. Zacks Research cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.58.
Read Our Latest Research Report on CP
Canadian Pacific Kansas City Profile
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.
See Also
- Five stocks we like better than Canadian Pacific Kansas City
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
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.
