Canadian Pacific Kansas City Limited $CP Shares Acquired by Canoe Financial LP

Canoe Financial LP increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 45,389.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,032,478 shares of the transportation company’s stock after buying an additional 2,028,010 shares during the period. Canadian Pacific Kansas City makes up about 2.2% of Canoe Financial LP’s portfolio, making the stock its 16th largest holding. Canoe Financial LP’s holdings in Canadian Pacific Kansas City were worth $159,885,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CP. Invesco Ltd. lifted its position in shares of Canadian Pacific Kansas City by 1.3% during the 4th quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after acquiring an additional 303,464 shares during the last quarter. FIL Ltd grew its stake in Canadian Pacific Kansas City by 20.2% during the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after acquiring an additional 2,804,686 shares in the last quarter. Norges Bank acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $978,558,000. Geode Capital Management LLC increased its stake in shares of Canadian Pacific Kansas City by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after acquiring an additional 461,724 shares during the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of Canadian Pacific Kansas City by 21.9% during the 4th quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock worth $620,925,000 after purchasing an additional 1,517,323 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CP shares. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday. Evercore set a $91.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “outperform” rating in a research report on Thursday. Canadian Imperial Bank of Commerce boosted 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 research note on Thursday. Sanford C. Bernstein boosted their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Finally, Susquehanna reissued a “positive” rating and issued a $104.00 target price on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.30.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $87.81 on Monday. The firm has a market capitalization of $77.71 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.88 and a beta of 1.09. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $86.74 and its 200-day moving average is $81.23. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $91.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm 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%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business posted $1.06 earnings per share. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be paid a $0.268 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 24.07%.

About Canadian Pacific Kansas City

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.