Canada Pension Plan Investment Board Takes Position in Canadian Pacific Kansas City Limited $CP

Canada Pension Plan Investment Board bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,263,236 shares of the transportation company's stock, valued at approximately $542,469,000. Canada Pension Plan Investment Board owned 0.71% of Canadian Pacific Kansas City as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Intech Investment Management LLC lifted its position in Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company's stock worth $1,493,000 after buying an additional 2,940 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter worth $35,000. Sivia Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $206,000. Prudential Financial Inc. increased its holdings in shares of Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company's stock valued at $411,000 after acquiring an additional 415 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 39.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company's stock valued at $104,000 after purchasing an additional 369 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.2%

Shares of NYSE CP opened at $94.45 on Wednesday. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $96.90. The firm's 50-day simple moving average is $90.42 and its 200 day simple moving average is $86.47. The company has a market cap of $82.97 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

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

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued 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 25.08%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CP. Susquehanna increased their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. Citigroup upped their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their target price on shares of 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. Weiss Ratings raised Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 2nd. Finally, Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $108.60.

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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