BlackRock Inc. Boosts Stock Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• BlackRock increased its Canadian Pacific Kansas City stake by 7.8% in the second quarter, adding 54,076 shares to hold 748,180 shares valued at approximately $64.8 million. Institutional investors collectively own 72.2% of the company.
• Analysts remain generally bullish, with a consensus rating of “Moderate Buy” and an average price target of $108.60, above the stock’s reported $94.04 price.
• CPKC exceeded quarterly earnings and revenue expectations, reporting $0.92 EPS and $2.93 billion in revenue, while declaring a quarterly dividend of $0.268 per share, equivalent to a 1.1% annualized yield.

BlackRock Inc. boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 748,180 shares of the transportation company's stock after buying an additional 54,076 shares during the period. BlackRock Inc. owned approximately 0.08% of Canadian Pacific Kansas City worth $64,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Canadian Pacific Kansas City by 3.8% during the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company's stock worth $304,000 after buying an additional 130 shares in the last quarter. Foster Group Inc. lifted its stake in Canadian Pacific Kansas City by 3.3% during the second quarter. Foster Group Inc. now owns 4,279 shares of the transportation company's stock worth $371,000 after purchasing an additional 137 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% in the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company's stock worth $950,000 after purchasing an additional 142 shares in the last quarter. Altshuler Shaham Ltd boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% in the 1st quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company's stock worth $926,000 after purchasing an additional 144 shares in the last quarter. Finally, Essex Financial Services Inc. increased its position in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company's stock valued at $376,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of recent research reports. Susquehanna boosted their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 2nd. Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, Stephens raised shares of Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.60.

Canadian Pacific Kansas City Stock Down 0.1%

NYSE:CP opened at $94.04 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The firm's 50-day moving average price is $90.92 and its 200-day moving average price is $86.76. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90. The company has a market capitalization of $82.60 billion, a PE ratio of 30.24, a P/E/G ratio of 1.83 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its 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. 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 business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 EPS. On average, equities analysts predict 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 given a $0.268 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 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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