Quilter Plc Boosts Stake in Canadian Pacific Kansas City Limited $CP

Quilter Plc raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 906,970 shares of the transportation company’s stock after acquiring an additional 79,316 shares during the period. Quilter Plc owned approximately 0.10% of Canadian Pacific Kansas City worth $67,534,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc raised its holdings in shares of Canadian Pacific Kansas City by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company’s stock worth $623,937,000 after acquiring an additional 698,705 shares during the period. Y Intercept Hong Kong Ltd grew its stake in shares of Canadian Pacific Kansas City by 40.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 66,355 shares of the transportation company’s stock valued at $4,943,000 after buying an additional 19,260 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Canadian Pacific Kansas City by 1.2% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 351,900 shares of the transportation company’s stock valued at $26,214,000 after buying an additional 4,100 shares during the period. UniSuper Management Pty Ltd lifted its holdings in Canadian Pacific Kansas City by 35.2% in the third quarter. UniSuper Management Pty Ltd now owns 970,786 shares of the transportation company’s stock valued at $72,314,000 after acquiring an additional 252,804 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Canadian Pacific Kansas City during the third quarter worth $376,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of Canadian Pacific Kansas City stock opened at $72.80 on Friday. 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 50 day moving average of $72.74 and a 200 day moving average of $74.45. The company has a market capitalization of $65.35 billion, a P/E ratio of 22.20, a P/E/G ratio of 1.61 and a beta of 1.10. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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). The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same period in the prior year, the company posted $0.99 earnings per share. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.3%. This is a positive change 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 dividend payout ratio is presently 20.12%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI reduced 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 report on Thursday, October 30th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Citigroup set a $88.00 target price on Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Natl Bk Canada cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.36.

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.