Act Two Investors LLC Makes New Investment in Canadian Pacific Kansas City Limited $CP

Key Points

• Act Two Investors LLC acquired 35,181 shares of Canadian Pacific Kansas City in the second quarter, valued at approximately $3.05 million. Institutional investors collectively own 72.2% of the company.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $108.60, compared with the stock’s reported opening price of $93.75.
• Canadian Pacific Kansas City beat quarterly estimates, reporting $0.92 in EPS versus $0.89 expected and $2.93 billion in revenue, up 12.6% year over year. The company also declared a quarterly dividend of $0.268 per share, yielding about 1.1% annually.

Act Two Investors LLC acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 35,181 shares of the transportation company's stock, valued at approximately $3,048,000. Canadian Pacific Kansas City comprises about 0.6% of Act Two Investors LLC's investment portfolio, making the stock its 25th biggest position.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company's stock worth $1,493,000 after buying an additional 2,940 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at $35,000. Sivia Capital Partners LLC bought a new stake in Canadian Pacific Kansas City in the second quarter valued at $206,000. Prudential Financial Inc. raised its holdings in shares of Canadian Pacific Kansas City by 8.7% during the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company's stock valued at $411,000 after purchasing an additional 415 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company's stock valued at $104,000 after purchasing an additional 369 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research analyst reports. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They issued a "market perform" rating for the company. Susquehanna increased their price target on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a "positive" rating in a report on Tuesday, July 14th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Stephens raised Canadian Pacific Kansas City to a "hold" rating in a research report on Wednesday, July 8th. Finally, Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. One equities 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 company's stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average price target of $108.60.

Canadian Pacific Kansas City Stock Down 0.2%

CP opened at $93.75 on Wednesday. The company's 50-day moving average price is $89.86 and its two-hundred day moving average price is $85.81. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $94.66. The stock has a market cap of $82.34 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.83 and a beta of 1.10. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The company's quarterly revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

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

Canadian Pacific Kansas City Company 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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