Canadian Pacific Kansas City Limited $CP is Wgi Dm LLC's 6th Largest Position

Key Points

• Wgi Dm LLC reduced its Canadian Pacific Kansas City position by 2.9% in the second quarter, but the railroad remains the fund’s sixth-largest holding at 3.2% of assets, worth approximately $37.4 million.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $108.60. Recent targets range from $100 to $145.
• Canadian Pacific Kansas City exceeded quarterly expectations, reporting $0.92 in EPS and $2.93 billion in revenue, up 12.6% year over year. The company also declared a quarterly dividend of $0.268, implying a 1.1% annual yield.

Wgi Dm LLC reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 431,324 shares of the transportation company's stock after selling 12,756 shares during the period. Canadian Pacific Kansas City accounts for about 3.2% of Wgi Dm LLC's holdings, making the stock its 6th biggest holding. Wgi Dm LLC's holdings in Canadian Pacific Kansas City were worth $37,374,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Canadian Pacific Kansas City by 7.8% during the 2nd quarter. BlackRock Inc. now owns 748,180 shares of the transportation company's stock worth $64,830,000 after buying an additional 54,076 shares during the last quarter. Deutsche Bank AG raised its position in shares of Canadian Pacific Kansas City by 6.1% during the 2nd quarter. Deutsche Bank AG now owns 1,647,162 shares of the transportation company's stock valued at $142,727,000 after buying an additional 94,673 shares during the period. Perigon Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the second quarter valued at approximately $207,000. Trust Co. of Vermont acquired a new position in Canadian Pacific Kansas City in the second quarter valued at approximately $217,000. Finally, Old West Investment Management LLC grew its position in Canadian Pacific Kansas City by 13.4% in the second quarter. Old West Investment Management LLC now owns 58,985 shares of the transportation company's stock worth $5,111,000 after acquiring an additional 6,955 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CP. Susquehanna upped their price target 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. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 2nd. Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the company an "overweight" rating in a research report on Thursday, June 25th. Wells Fargo & Company increased their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $93.76 on Tuesday. The company has a market cap of $82.36 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.83 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. The stock has a 50-day moving average of $89.79 and a two-hundred day moving average of $85.65. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $94.66.

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

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 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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