Callan Family Office LLC Purchases New Shares in Canadian Pacific Kansas City Limited $CP

Callan Family Office LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,857 shares of the transportation company's stock, valued at approximately $2,327,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at $978,558,000. Janus Henderson Group PLC lifted its holdings in shares of Canadian Pacific Kansas City by 586.1% in the 4th quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company's stock worth $452,781,000 after acquiring an additional 5,251,755 shares during the last quarter. FIL Ltd boosted its stake in shares of Canadian Pacific Kansas City by 20.2% during the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company's stock worth $1,227,045,000 after purchasing an additional 2,804,686 shares during the period. Bessemer Group Inc. boosted its stake in shares of Canadian Pacific Kansas City by 5,826.3% during the 1st quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company's stock worth $199,605,000 after purchasing an additional 2,502,104 shares during the period. Finally, Canoe Financial LP boosted its stake in shares of Canadian Pacific Kansas City by 45,389.7% during the 1st quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company's stock worth $159,885,000 after purchasing an additional 2,028,010 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 2.1%

Shares of CP opened at $96.81 on Friday. 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 50-day moving average of $90.21 and a 200 day moving average of $86.16. The firm has a market capitalization of $85.04 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 EPS. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a $0.268 dividend. The ex-dividend date of this dividend 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 is 25.08%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CP. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Wells Fargo & Company boosted their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 8th. Argus set a $105.00 target price on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. 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 report on Thursday, July 30th. Finally, Wall Street Zen raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price 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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