Canadian Pacific Kansas City Limited $CP Shares Sold by Mufg Securities Canada LTD.

Key Points

• Mufg Securities Canada LTD. reduced its Canadian Pacific Kansas City stake by 5.7% in the second quarter, selling 75,887 shares and retaining 1.26 million shares valued at approximately $108.7 million. Institutional investors collectively own 72.2% of the company.
• Analysts remain broadly positive, with an average rating of “Moderate Buy” and a consensus price target of $108.60; recent targets ranged from $100 to $145.
• CPKC reported quarterly revenue of $2.93 billion and adjusted earnings of $0.92 per share, exceeding estimates, while revenue increased 12.6% year over year. The company also declared a quarterly dividend of $0.268 per share, implying a 1.2% annual yield.

Mufg Securities Canada LTD. cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,255,756 shares of the transportation company's stock after selling 75,887 shares during the period. Canadian Pacific Kansas City makes up about 2.9% of Mufg Securities Canada LTD.'s holdings, making the stock its 13th biggest position. Mufg Securities Canada LTD. owned 0.14% of Canadian Pacific Kansas City worth $108,698,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Addenda Capital Inc. increased its stake in Canadian Pacific Kansas City by 19.0% in the 2nd quarter. Addenda Capital Inc. now owns 832,895 shares of the transportation company's stock worth $72,170,000 after purchasing an additional 133,245 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at about $8,041,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 68,034 shares of the transportation company's stock worth $5,895,000 after buying an additional 794 shares during the period. Capital Advisors Inc. OK purchased a new position in shares of Canadian Pacific Kansas City in the second quarter worth approximately $344,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Canadian Pacific Kansas City by 59.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 128,663 shares of the transportation company's stock worth $11,149,000 after acquiring an additional 48,190 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Canadian Imperial Bank of Commerce upped 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 research report on Thursday, June 25th. Royal Bank Of Canada restated an "outperform" rating and set a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Wells Fargo & Company upped their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, July 8th. Finally, Citizens Jmp assumed coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They issued a "market perform" rating for the company. One research 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 company's stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and a consensus target price of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $92.64 on Tuesday. The firm has a market cap of $81.37 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 1.83 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $91.06 and a 200 day simple moving average of $86.83.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating 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 firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The business's quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a $0.268 dividend. The ex-dividend date 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 is currently 25.08%.

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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