683,953 Shares in Canadian Pacific Kansas City Limited $CP Acquired by W1M Asset Management Ltd

Key Points

• W1M Asset Management acquired 683,953 shares of Canadian Pacific Kansas City, valued at approximately $59.2 million, giving it a 0.08% stake. Institutional investors collectively own 72.2% of the company.
• Analysts remain broadly positive, with one Strong Buy, 11 Buy and three Hold ratings; the stock carries a consensus “Moderate Buy” rating and a $108.60 average price target.
• Canadian Pacific Kansas City exceeded quarterly expectations with $0.92 EPS and $2.93 billion in revenue, up 12.6% year over year. The company also declared a quarterly dividend of $0.268 per share, representing a 1.1% annual yield.

W1M Asset Management Ltd purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 683,953 shares of the transportation company's stock, valued at approximately $59,241,000. W1M Asset Management Ltd owned approximately 0.08% of Canadian Pacific Kansas City as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in Canadian Pacific Kansas City by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company's stock worth $46,434,000 after buying an additional 37,044 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $1,983,000. Saranac Partners Ltd purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $5,973,000. WGI DM LLC raised its position in shares of Canadian Pacific Kansas City by 3.9% during the 4th quarter. WGI DM LLC now owns 437,824 shares of the transportation company's stock worth $32,237,000 after acquiring an additional 16,282 shares in the last quarter. Finally, Rathbones Group PLC lifted its stake in Canadian Pacific Kansas City by 5.9% during the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company's stock worth $127,342,000 after purchasing an additional 95,727 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CP has been the topic of several recent analyst reports. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Royal Bank Of Canada restated an "outperform" rating and issued a $145.00 target price (up from $139.00) on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Weiss Ratings raised shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 2nd. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of 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, June 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $108.60.

Canadian Pacific Kansas City Price Performance

CP stock opened at $96.81 on Friday. The company has a market capitalization of $85.04 billion, a P/E ratio of 31.13, a PEG ratio of 1.89 and a beta of 1.10. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $96.90. The business has a 50 day simple moving average of $90.21 and a 200-day simple moving average of $86.16. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

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 for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio is presently 25.08%.

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.

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