Baird Financial Group Inc. Has $109.32 Million Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Baird Financial Group reduced its Canadian Pacific Kansas City position by 5.2% in the second quarter, selling 69,140 shares. It still held 1.26 million shares valued at approximately $109.3 million, while institutions and hedge funds owned 72.2% of the stock.
• Canadian Pacific Kansas City reported quarterly earnings of $0.92 per share and revenue of $2.93 billion, exceeding analyst estimates; revenue increased 12.6% year over year. Analysts expect full-year earnings of $3.72 per share.
• The company declared a quarterly dividend of $0.268 per share, equivalent to a 1.2% yield. Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus rating and an average price target of $108.60 versus the stock’s $91.13 opening price.

Baird Financial Group Inc. decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,261,576 shares of the transportation company's stock after selling 69,140 shares during the quarter. Baird Financial Group Inc. owned about 0.14% of Canadian Pacific Kansas City worth $109,316,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fiduciary Financial Advisors bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at $25,000. Prosperity Bancshares Inc bought a new position in shares of Canadian Pacific Kansas City in 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 valued at about $29,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $31,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $91.13 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The firm has a market cap of $80.05 billion, a PE ratio of 29.30, a P/E/G ratio of 1.91 and a beta of 1.12. The business has a 50 day moving average of $91.58 and a 200-day moving average of $87.12. 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 posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping 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 return on equity of 9.02% and a net margin of 25.02%.The business's revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 earnings per share. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 24.76%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CP shares. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the company an "overweight" rating in a research report on Thursday, June 25th. Wall Street Zen raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Wells Fargo & Company raised their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, July 8th. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Finally, Susquehanna upped 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. 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. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and a consensus price target of $108.60.

About Canadian Pacific Kansas City

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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