PensionDanmark Pensionsforsikringsaktieselskab Purchases 7,407 Shares of Canadian Pacific Kansas City Limited $CP

PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 168,469 shares of the transportation company’s stock after purchasing an additional 7,407 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Canadian Pacific Kansas City were worth $14,601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $978,558,000. Janus Henderson Group PLC grew its holdings in Canadian Pacific Kansas City by 586.1% during the 4th quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock worth $452,781,000 after acquiring an additional 5,251,755 shares during the last quarter. FIL Ltd increased its position in Canadian Pacific Kansas City by 20.2% in 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 during the period. Bessemer Group Inc. raised its stake in shares of Canadian Pacific Kansas City by 5,826.3% during the first quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company’s stock valued at $199,605,000 after acquiring an additional 2,502,104 shares during the last quarter. Finally, Canoe Financial LP raised its stake in shares of Canadian Pacific Kansas City by 45,389.7% during the first quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company’s stock valued at $159,885,000 after acquiring an additional 2,028,010 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $91.62 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $89.42 and its two-hundred day simple moving average is $84.69. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $93.95. The stock has a market capitalization of $80.79 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the business earned $1.12 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CP shares. Canadian Imperial Bank of Commerce increased their price objective on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Citigroup lifted their target price on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wells Fargo & Company upped their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Finally, Susquehanna raised their price objective on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

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.