Invesco Ltd. Acquires 2,559,104 Shares of Canadian Pacific Kansas City Limited $CP

Invesco Ltd. raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 19,543,455 shares of the transportation company’s stock after acquiring an additional 2,559,104 shares during the quarter. Invesco Ltd.’s holdings in Canadian Pacific Kansas City were worth $1,549,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $27,000. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. Chilton Capital Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $49,000. WPG Advisers LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $50,000. Finally, LRI Investments LLC boosted its holdings in shares of Canadian Pacific Kansas City by 42.1% in the 2nd quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock valued at $57,000 after buying an additional 213 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent analyst reports. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Evercore ISI lowered their price objective on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Royal Bank Of Canada cut their target price on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Finally, Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $91.69.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $71.90 on Wednesday. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65. The company has a market capitalization of $64.51 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.83 and a beta of 1.11. The company has a 50-day simple moving average of $73.36 and a 200 day simple moving average of $76.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business earned $0.99 earnings per share. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s payout ratio is presently 20.12%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.