203,258 Shares in Canadian Pacific Kansas City Limited $CP Bought by Nykredit A S

Key Points

• Nykredit A S acquired 203,258 shares of Canadian Pacific Kansas City in the second quarter, valued at approximately $17.6 million. Institutional investors collectively own 72.2% of the company.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $108.60; several firms recently raised their targets.
• Canadian Pacific Kansas City reported quarterly EPS of $0.92, exceeding estimates, while revenue rose 12.6% year over year to $2.93 billion. The company also declared a quarterly dividend of $0.268 per share, yielding about 1.2% annually.

Nykredit A S bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 203,258 shares of the transportation company's stock, valued at approximately $17,616,000.

Other hedge funds have also recently bought and sold shares of the company. Fiduciary Financial Advisors acquired a new stake in Canadian Pacific Kansas City during the second quarter worth about $25,000. Jones Financial Companies Lllp acquired a new position in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $44,000. Western Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $50,000. Knuff & Co LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $50,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Canadian Pacific Kansas City by 121.4% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 713 shares of the transportation company's stock worth $52,000 after purchasing an additional 391 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup upped their target price on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Royal Bank Of Canada reiterated an "outperform" rating and set a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Wells Fargo & Company increased their price target 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. Canadian Imperial Bank of Commerce raised their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an "outperformer" rating in a research note on Thursday, June 25th. Finally, Stephens raised Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $108.60.

Canadian Pacific Kansas City Stock Down 1.5%

Shares of NYSE:CP opened at $87.44 on Friday. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The company's fifty day moving average is $91.63 and its 200-day moving average is $87.28. The company has a market capitalization of $76.81 billion, a PE ratio of 28.12, a P/E/G ratio of 1.82 and a beta of 1.12.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the company posted $1.12 EPS. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued 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 presently 25.08%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited NYSE: CP is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.

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