Canadian Pacific Kansas City Limited $CP Shares Purchased by Addenda Capital Inc.

Key Points

• Addenda Capital increased its Canadian Pacific Kansas City stake by 19% in the second quarter, purchasing 133,245 additional shares for a total holding of 832,895 shares valued at approximately $72.17 million. Institutional investors collectively own 72.2% of the company.
• Canadian Pacific Kansas City reported quarterly earnings of $0.92 per share, exceeding estimates of $0.89, while revenue rose 12.6% year over year to $2.93 billion. The stock recently traded at $94.04, near its 52-week high of $96.90.
• The company declared a quarterly dividend of $0.268 per share, equivalent to an annualized yield of about 1.1%. Analysts maintain a “Moderate Buy” consensus with an average price target of $108.60.

Addenda Capital Inc. lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 19.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 832,895 shares of the transportation company's stock after purchasing an additional 133,245 shares during the period. Canadian Pacific Kansas City accounts for 2.5% of Addenda Capital Inc.'s portfolio, making the stock its 9th largest position. Addenda Capital Inc. owned 0.09% of Canadian Pacific Kansas City worth $72,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of CP. Intech Investment Management LLC grew its stake in shares of Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company's stock worth $1,493,000 after purchasing an additional 2,940 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth about $35,000. Sivia Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $206,000. Prudential Financial Inc. raised its position in shares of Canadian Pacific Kansas City by 8.7% in 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 period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company's stock valued at $104,000 after acquiring an additional 369 shares during the period. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $94.04 on Monday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90. The firm has a 50-day moving average of $90.92 and a 200-day moving average of $86.76. 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 stock has a market cap of $82.60 billion, a PE ratio of 30.24, a P/E/G ratio of 1.83 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share 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 company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the company earned $1.12 earnings per share. The firm's quarterly revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given 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 payout ratio is presently 25.08%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CP. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Susquehanna upped their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a "positive" rating in a research note on Tuesday, July 14th. Stephens upgraded Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. Evercore set a $99.00 price target on Canadian Pacific Kansas City in a research note on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an "outperformer" rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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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