Canadian Pacific Kansas City Limited $CP Shares Purchased by Korea Investment CORP

Key Points

• Korea Investment CORP increased its stake in Canadian Pacific Kansas City by 6.8% in Q3, buying 41,233 shares to hold 650,877 shares worth about $48.49 million (≈0.07% of the company).
• CPKC reported Q earnings of $0.95 EPS versus a $0.99 consensus (a miss) on $2.85 billion revenue and declared a quarterly dividend of $0.228 (annualized $0.91, ~1.1% yield).
• The stock carries a market cap of $74.47 billion, a P/E of 25.67, and a consensus analyst rating of "Moderate Buy" with a $92 price target.

Korea Investment CORP increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 650,877 shares of the transportation company's stock after buying an additional 41,233 shares during the quarter. Korea Investment CORP owned 0.07% of Canadian Pacific Kansas City worth $48,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 100.0% during the third quarter. Ameriflex Group Inc. now owns 2,250 shares of the transportation company's stock worth $168,000 after acquiring an additional 1,125 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Canadian Pacific Kansas City by 12.0% during the third quarter. First Trust Advisors LP now owns 72,367 shares of the transportation company's stock valued at $5,388,000 after acquiring an additional 7,735 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in shares of Canadian Pacific Kansas City by 1.2% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 259,657 shares of the transportation company's stock valued at $19,342,000 after purchasing an additional 3,110 shares during the last quarter. Barclays PLC raised its position in shares of Canadian Pacific Kansas City by 2.4% in the 3rd quarter. Barclays PLC now owns 3,247,190 shares of the transportation company's stock valued at $241,883,000 after purchasing an additional 75,798 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Canadian Pacific Kansas City by 2.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 42,463 shares of the transportation company's stock worth $3,163,000 after purchasing an additional 915 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $82.93 on Monday. The firm has a market cap of $74.47 billion, a PE ratio of 25.67, a P/E/G ratio of 1.78 and a beta of 1.06. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $89.42. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $78.17 and a 200 day moving average price of $75.53.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.43%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CP shares. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Morgan Stanley raised shares of Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating in a report on Monday, December 8th. Finally, Citigroup cut their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.00.

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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