First National Bank of Omaha Boosts Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• First National Bank of Omaha increased its Canadian Pacific Kansas City stake by 57.5% in the second quarter, bringing its holdings to 112,691 shares valued at approximately $9.8 million. Institutional investors collectively own 72.2% of the company.
• Analysts remain broadly positive, with one Strong Buy, 11 Buy, and three Hold ratings. The stock has an average “Moderate Buy” rating and a consensus price target of $108.60.
• Canadian Pacific Kansas City exceeded quarterly earnings and revenue expectations, reporting $0.92 EPS and $2.93 billion in revenue, while revenue rose 12.6% year over year. The company also declared a quarterly dividend of $0.268 per share, representing a 1.1% annualized yield.

First National Bank of Omaha raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 57.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,691 shares of the transportation company's stock after buying an additional 41,157 shares during the quarter. First National Bank of Omaha's holdings in Canadian Pacific Kansas City were worth $9,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company's stock valued at $1,493,000 after purchasing an additional 2,940 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth about $35,000. Sivia Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the second quarter worth about $206,000. Prudential Financial Inc. lifted its position in shares of Canadian Pacific Kansas City by 8.7% in the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company's stock worth $411,000 after buying an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 39.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company's stock worth $104,000 after buying an additional 369 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Citigroup lifted their price objective on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Royal Bank Of Canada restated an "outperform" rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Finally, Wells Fargo & Company increased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 8th. One 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's stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average target price of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $93.75 on Wednesday. The stock has a 50 day moving average price of $89.86 and a 200 day moving average price of $85.81. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $94.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The firm has a market capitalization of $82.34 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.83 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced 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 the consensus estimate of $2.89 billion. During the same quarter in the prior year, the company posted $1.12 EPS. Canadian Pacific Kansas City's quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders 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 dividend yield of 1.1%. Canadian Pacific Kansas City's dividend payout ratio is presently 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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