Amundi Has $134.96 Million Position in Canadian Pacific Kansas City Limited $CP

Amundi decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,557,502 shares of the transportation company's stock after selling 68,431 shares during the period. Amundi owned approximately 0.18% of Canadian Pacific Kansas City worth $134,958,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fiduciary Financial Advisors bought a new stake in Canadian Pacific Kansas City in the second quarter valued at about $25,000. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $29,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $31,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.5%

NYSE:CP opened at $91.13 on Wednesday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The stock has a 50-day simple moving average of $91.58 and a 200 day simple moving average of $87.12. The company has a market cap of $80.05 billion, a PE ratio of 29.30, a PEG ratio of 1.91 and a beta of 1.12.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.89 billion. The firm's revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

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 paid a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's payout ratio is presently 24.76%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CP. Royal Bank Of Canada reiterated an "outperform" rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Susquehanna boosted their price target on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. Wall Street Zen upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Sunday, July 26th. Finally, Canadian Imperial Bank of Commerce boosted their target price on 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 investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average price target of $108.60.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited NYSE: CP is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.

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