Canadian Pacific Kansas City Limited $CP Shares Bought by Vontobel Holding Ltd.

Key Points

• Vontobel Holding increased its Canadian Pacific Kansas City stake by 50.3% in the third quarter, acquiring 439,924 additional shares and bringing its holdings to 1.31 million shares valued at approximately $112 million.
• Institutional ownership remains significant, with hedge funds and other institutions holding 72.2% of CP’s shares. The stock recently traded at $87.34, while analysts maintain a “Moderate Buy” consensus and an average price target of $111.83.
• Canadian Pacific Kansas City reported quarterly revenue of $2.93 billion and EPS of $0.92, surpassing analyst expectations, and declared a quarterly dividend of C$0.27, equivalent to a 1.2% annualized yield.

Vontobel Holding Ltd. raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 50.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,314,634 shares of the transportation company's stock after acquiring an additional 439,924 shares during the period. Vontobel Holding Ltd. owned approximately 0.15% of Canadian Pacific Kansas City worth $111,965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CP. Banque Pictet & Cie SA purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $3,713,000. Cardinal Capital Management Inc. lifted its stake in Canadian Pacific Kansas City by 1.8% during the third quarter. Cardinal Capital Management Inc. now owns 1,732,658 shares of the transportation company's stock worth $147,941,000 after purchasing an additional 30,613 shares in the last quarter. Triasima Portfolio Management inc. lifted its stake in Canadian Pacific Kansas City by 93.9% during the third quarter. Triasima Portfolio Management inc. now owns 25,048 shares of the transportation company's stock worth $2,138,000 after purchasing an additional 12,133 shares in the last quarter. Ninety One UK Ltd boosted its position in shares of Canadian Pacific Kansas City by 0.6% during the third quarter. Ninety One UK Ltd now owns 637,068 shares of the transportation company's stock worth $54,385,000 after buying an additional 3,574 shares during the period. Finally, Formuepleje A S purchased a new position in shares of Canadian Pacific Kansas City during the third quarter worth $1,085,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of Canadian Pacific Kansas City stock traded up $0.43 during trading hours on Friday, reaching $87.34. 1,935,278 shares of the company were exchanged, compared to its average volume of 2,295,800. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90. The stock's fifty day moving average is $89.56 and its 200 day moving average is $87.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The firm has a market cap of $76.43 billion, a PE ratio of 28.08, a PEG ratio of 1.83 and a beta of 1.13.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.89 billion. During the same period last year, the firm earned $1.12 earnings per share. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.68 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business 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 C$0.27 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 24.76%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 30th. Royal Bank Of Canada restated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th. Susquehanna lowered their target price on Canadian Pacific Kansas City from $106.00 to $98.00 and set a "positive" rating for the company in a report on Friday, October 2nd. Weiss Ratings raised Canadian Pacific Kansas City from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 8th. Finally, Citigroup reiterated a "cautious" rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $111.83.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited NYSE: CP is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.

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