Aberdeen Group plc Has $33.61 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Aberdeen Group plc reduced its stake in Canadian Pacific Kansas City Limited by 52.2%, holding 426,678 shares valued at $33.61 million after selling 465,217 shares during the second quarter.
• Canadian Pacific Kansas City announced a quarterly dividend increase to $0.1651, up from $0.16, with an annualized yield of 0.9%.
• The company reported $0.81 earnings per share for its latest quarter, slightly missing estimates, while revenue was $2.72 billion, below the consensus of $2.76 billion.

Aberdeen Group plc trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 52.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426,678 shares of the transportation company's stock after selling 465,217 shares during the period. Aberdeen Group plc's holdings in Canadian Pacific Kansas City were worth $33,614,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in Canadian Pacific Kansas City by 1.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company's stock worth $2,012,000 after buying an additional 290 shares during the period. CX Institutional acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $61,000. Simon Quick Advisors LLC raised its holdings in Canadian Pacific Kansas City by 25.3% during the 1st quarter. Simon Quick Advisors LLC now owns 5,223 shares of the transportation company's stock worth $367,000 after buying an additional 1,056 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Canadian Pacific Kansas City by 8.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 113,117 shares of the transportation company's stock worth $7,942,000 after buying an additional 8,627 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $114,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $74.90 on Monday. The stock has a market capitalization of $67.93 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.11 and a beta of 1.08. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The company has a 50 day moving average of $75.34 and a 200-day moving average of $76.53. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.Canadian Pacific Kansas City's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 earnings per share. As a group, equities 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 announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a $0.1651 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.56%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CP. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a report on Thursday, October 2nd. National Bankshares restated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Finally, Stephens raised their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average target price of $91.85.

Canadian Pacific Kansas City Company Profile

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.

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