Allianz Asset Management GmbH Has $39.73 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Allianz Asset Management cut its Canadian Pacific Kansas City stake by 29.8% in the second quarter, selling 194,344 shares and retaining 458,472 shares valued at approximately $39.7 million.
• CPKC reported quarterly EPS of $0.92, exceeding estimates by $0.03, while revenue rose 12.6% year over year to $2.93 billion. The company declared a quarterly dividend of $0.268 per share, representing a 1.2% annualized yield.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $108.60, compared with the stock’s cited price of $91.69.

Allianz Asset Management GmbH reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 29.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458,472 shares of the transportation company's stock after selling 194,344 shares during the period. Allianz Asset Management GmbH owned about 0.05% of Canadian Pacific Kansas City worth $39,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Financial Advisors acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth approximately $25,000. Prosperity Bancshares Inc bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $29,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $31,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $35,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $91.69 on Tuesday. The firm has a market capitalization of $80.54 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.12. The firm has a fifty day simple moving average of $91.49 and a two-hundred day simple moving average of $87.07. 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 Limited has a 12 month low of $68.42 and a 12 month high of $96.90.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $2.93 billion for 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City's dividend payout ratio is 25.08%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CP shares. Citigroup increased their price objective on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Citizens Jmp started coverage on Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They issued a "market perform" rating for the company. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Argus set a $105.00 target price on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Finally, Royal Bank Of Canada reiterated 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. One equities 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $108.60.

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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