Canadian Pacific Kansas City Limited $CP Holdings Lowered by QV Investors Inc.

Key Points

• QV Investors reduced its Canadian Pacific Kansas City stake by 4.1% in the second quarter, selling 29,430 shares and retaining 683,546 shares valued at approximately $59.2 million. Institutional investors collectively own 72.2% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $108.60, above the stock’s recent $94.04 price.
• Canadian Pacific Kansas City exceeded quarterly earnings and revenue estimates, reporting $0.92 in EPS and $2.93 billion in revenue. The company also declared a quarterly dividend of $0.268 per share, representing a 1.1% annualized yield.

QV Investors Inc. lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 683,546 shares of the transportation company's stock after selling 29,430 shares during the period. Canadian Pacific Kansas City comprises approximately 4.6% of QV Investors Inc.'s investment portfolio, making the stock its 4th largest holding. QV Investors Inc. owned 0.08% of Canadian Pacific Kansas City worth $59,242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at approximately $8,041,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Canadian Pacific Kansas City by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 68,034 shares of the transportation company's stock worth $5,895,000 after buying an additional 794 shares in the last quarter. Capital Advisors Inc. OK purchased a new stake in Canadian Pacific Kansas City during the second quarter worth $344,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Canadian Pacific Kansas City by 59.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 128,663 shares of the transportation company's stock valued at $11,149,000 after buying an additional 48,190 shares during the period. Finally, Van ECK Associates Corp grew its position in Canadian Pacific Kansas City by 7.0% during the second quarter. Van ECK Associates Corp now owns 387,458 shares of the transportation company's stock valued at $33,572,000 after buying an additional 25,216 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

CP has been the topic of several recent analyst reports. Wall Street Zen raised shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the company an "overweight" rating in a research note on Thursday, June 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Evercore set a $99.00 price objective on Canadian Pacific Kansas City in a report on Thursday, July 30th. Finally, Citigroup boosted their price objective on 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. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Down 0.1%

Shares of NYSE:CP opened at $94.04 on Monday. 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 business has a fifty day moving average of $90.92 and a two-hundred day moving average of $86.76. The stock has a market cap of $82.60 billion, a P/E ratio of 30.24, a PEG ratio of 1.83 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90.

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 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The company's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. On average, research 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 25.08%.

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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