Deutsche Bank AG Grows Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Deutsche Bank increased its Canadian Pacific Kansas City stake by 6.1% in the second quarter, bringing its holdings to 1.65 million shares valued at approximately $142.7 million. Institutional investors collectively own 72.2% of the company.
• Analyst sentiment remains positive, with CP receiving a “Moderate Buy” consensus rating and an average price target of $108.60. Recent ratings included upgrades to “Buy” and “Positive,” while targets ranged from $102 to $106.
• CP reported quarterly earnings of $0.92 per share, exceeding estimates by $0.03, while revenue rose 12.6% year over year to $2.93 billion. The company also declared a quarterly dividend of $0.268 per share, representing a 1.1% annualized yield.

Deutsche Bank AG increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 6.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,647,162 shares of the transportation company's stock after purchasing an additional 94,673 shares during the period. Deutsche Bank AG owned 0.19% of Canadian Pacific Kansas City worth $142,727,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CP. GAMMA Investing LLC increased its holdings in shares of Canadian Pacific Kansas City by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company's stock valued at $304,000 after acquiring an additional 130 shares during the period. Foster Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 3.3% during the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company's stock worth $371,000 after purchasing an additional 137 shares during the last quarter. Modern Wealth Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 1.2% during the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company's stock worth $950,000 after purchasing an additional 142 shares during the last quarter. Altshuler Shaham Ltd boosted its position in Canadian Pacific Kansas City by 1.2% during the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company's stock valued at $926,000 after purchasing an additional 144 shares in the last quarter. Finally, Essex Financial Services Inc. grew its stake in Canadian Pacific Kansas City by 3.2% in the first quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company's stock valued at $376,000 after purchasing an additional 149 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the company an "overweight" rating in a research note on Thursday, June 25th. Weiss Ratings raised shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 2nd. Wall Street Zen raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Finally, Susquehanna increased their price objective on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average price target of $108.60.

Canadian Pacific Kansas City Stock Performance

CP opened at $94.53 on Thursday. The firm has a fifty day moving average price of $89.96 and a 200 day moving average price of $85.94. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $95.86. The stock has a market cap of $83.03 billion, a P/E ratio of 30.39, a P/E/G ratio of 1.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50.

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 EPS for the quarter, beating the consensus estimate 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 period last year, the company earned $1.12 earnings per share. Canadian Pacific Kansas City's quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

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 paid a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio (DPR) 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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