Cardinal Capital Management Inc. Purchases 32,121 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• Cardinal Capital Management increased its Canadian Pacific Kansas City position by 32,121 shares during the second quarter, bringing its holdings to 1.70 million shares valued at approximately $147.3 million.
• Wall Street analysts maintain a “Moderate Buy” consensus on CP, with an average price target of $108.60 versus the reported share price of $92.00.
• CP beat quarterly earnings and revenue estimates, reporting $0.92 in EPS and $2.93 billion in revenue, while declaring a quarterly dividend of $0.268 per share, representing a 1.2% annualized yield.

Cardinal Capital Management Inc. lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,702,045 shares of the transportation company's stock after buying an additional 32,121 shares during the period. Canadian Pacific Kansas City comprises 3.6% of Cardinal Capital Management Inc.'s investment portfolio, making the stock its 12th largest position. Cardinal Capital Management Inc. owned 0.19% of Canadian Pacific Kansas City worth $147,274,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $29,000. McMillan Office Inc. bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $31,000. Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $36,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CP shares. Stephens raised shares of Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. Susquehanna boosted their price target 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. Citizens Jmp assumed coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a "market perform" rating for the company. Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given 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 an average target price of $108.60.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $92.00 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $93.95. The stock has a 50 day moving average price of $89.49 and a two-hundred day moving average price of $85.06. The company has a market capitalization of $81.12 billion, a P/E ratio of 29.58, a PEG ratio of 1.77 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share 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 during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The business's quarterly revenue was up 12.6% compared to the same quarter last year. Analysts expect that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio is currently 25.08%.

About Canadian Pacific Kansas City

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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