APG Asset Management N.V. Raises Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• APG Asset Management N.V. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) by 13%, owning approximately 0.06% of the company after acquiring an additional 65,775 shares.
• The company has announced a new quarterly dividend of $0.1651, reflecting a positive change from its previous dividend of $0.16, with a yield of 0.9%.
• Canadian Pacific Kansas City reported a missed earnings estimate with an EPS of $0.81, falling short of the consensus estimate of $0.82, and had revenue of $2.72 billion for the quarter.

APG Asset Management N.V. increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 13.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 572,475 shares of the transportation company's stock after acquiring an additional 65,775 shares during the period. APG Asset Management N.V. owned approximately 0.06% of Canadian Pacific Kansas City worth $37,187,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP lifted its stake in Canadian Pacific Kansas City by 29.9% during the fourth quarter. First Trust Advisors LP now owns 47,503 shares of the transportation company's stock worth $3,438,000 after purchasing an additional 10,943 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Canadian Pacific Kansas City by 96.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 881,400 shares of the transportation company's stock valued at $63,780,000 after buying an additional 431,924 shares during the period. Hsbc Holdings PLC lifted its stake in Canadian Pacific Kansas City by 52.8% during the 4th quarter. Hsbc Holdings PLC now owns 555,503 shares of the transportation company's stock worth $40,224,000 after acquiring an additional 191,957 shares in the last quarter. MGO One Seven LLC lifted its stake in Canadian Pacific Kansas City by 13.8% during the 4th quarter. MGO One Seven LLC now owns 10,029 shares of the transportation company's stock worth $726,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in Canadian Pacific Kansas City by 34.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,066 shares of the transportation company's stock valued at $1,018,000 after acquiring an additional 3,634 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Up 0.5%

Canadian Pacific Kansas City stock traded up $0.37 during midday trading on Friday, reaching $76.64. The company's stock had a trading volume of 511,974 shares, compared to its average volume of 3,217,791. The company has a market cap of $70.02 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.15 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $77.38 and a 200-day simple moving average of $76.56. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the company posted $1.05 earnings per share. The company's revenue was up 2.7% compared to the same quarter last year. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a $0.1651 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's payout ratio is currently 20.25%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CP. Royal Bank Of Canada cut their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Stephens boosted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Citigroup increased their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Finally, Barclays upped their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.