Commerce Bank Makes New $3.61 Million Investment in Canadian Pacific Kansas City Limited $CP

Key Points

• Commerce Bank acquired 41,691 shares of Canadian Pacific Kansas City, valued at approximately $3.61 million. Institutional investors collectively own 72.2% of the company.
• Analyst sentiment is positive, with a consensus rating of “Moderate Buy” and an average price target of $108.60, above the reported $94.69 share price.
• CP beat quarterly earnings and revenue expectations, reporting $0.92 in EPS and $2.93 billion in revenue, while announcing a quarterly dividend of $0.268 per share, equivalent to a 1.1% annual yield.

Commerce Bank bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 41,691 shares of the transportation company's stock, valued at approximately $3,613,000.

Other institutional investors have also modified their holdings of the company. Prosperity Bancshares Inc purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $26,000. Gilpin Wealth Management LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $29,000. McMillan Office Inc. bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $31,000. Wealth Watch Advisors INC purchased a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth $36,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $35,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CP has been the topic of several research reports. Weiss Ratings upgraded Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 2nd. Susquehanna upped their price objective 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. Wells Fargo & Company increased their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, July 8th. Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the company an "overweight" rating in a research report on Thursday, June 25th. Finally, Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus target price of $108.60.

Canadian Pacific Kansas City Trading Down 2.1%

Shares of NYSE:CP opened at $94.69 on Tuesday. The company has a market capitalization of $83.17 billion, a PE ratio of 30.45, a P/E/G ratio of 1.89 and a beta of 1.10. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $96.90. The business's fifty day simple moving average is $90.32 and its 200-day simple moving average is $86.36.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data 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 firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.89 billion. During the same period in the prior year, the business posted $1.12 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders 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 1.1%. Canadian Pacific Kansas City's payout ratio is currently 25.08%.

Canadian Pacific Kansas City 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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