Canadian Pacific Kansas City Limited $CP Holdings Increased by Amundi

Key Points

• Amundi increased its stake in Canadian Pacific Kansas City Limited by 3.1%, owning a total of 1,363,989 shares valued at approximately $96.1 million.
• Canadian Pacific Kansas City reported a quarterly EPS of $0.81, which fell short of the consensus estimate of $0.82, alongside a revenue of $2.72 billion.
• The company announced a dividend increase to $0.1651 per share, reflecting an annualized yield of 0.9%, with the next payment scheduled for October 27th.

Amundi boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,363,989 shares of the transportation company's stock after purchasing an additional 41,253 shares during the period. Amundi owned approximately 0.15% of Canadian Pacific Kansas City worth $96,134,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. 11 Capital Partners LP boosted its holdings in Canadian Pacific Kansas City by 8.2% in the first quarter. 11 Capital Partners LP now owns 379,201 shares of the transportation company's stock valued at $26,624,000 after purchasing an additional 28,825 shares during the last quarter. Alkeon Capital Management LLC bought a new position in Canadian Pacific Kansas City during the 1st quarter valued at $77,231,000. Federation des caisses Desjardins du Quebec grew its holdings in Canadian Pacific Kansas City by 4.0% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 4,941,047 shares of the transportation company's stock worth $345,449,000 after acquiring an additional 189,416 shares in the last quarter. Maverick Capital Ltd. increased its position in shares of Canadian Pacific Kansas City by 125.3% in the 1st quarter. Maverick Capital Ltd. now owns 7,331 shares of the transportation company's stock worth $515,000 after purchasing an additional 4,077 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its position in shares of Canadian Pacific Kansas City by 31.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 5,104 shares of the transportation company's stock worth $358,000 after purchasing an additional 1,222 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded down $0.24 during midday trading on Wednesday, hitting $74.49. 1,627,734 shares of the stock traded hands, compared to its average volume of 3,187,709. The business's 50 day moving average price is $76.89 and its two-hundred day moving average price is $76.45. The firm has a market capitalization of $67.55 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm's revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a $0.1651 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.66 annualized dividend and a yield of 0.9%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's payout ratio is 20.25%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CP. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. National Bank Financial raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Stephens boosted their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. The Goldman Sachs Group reissued a "neutral" rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Finally, Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.30.

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.