Formuepleje A S Buys 12,744 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• Formuepleje A S acquired 12,744 shares of Canadian Pacific Kansas City in the third quarter, valued at approximately $1.085 million. Institutional investors collectively own 72.2% of the company.
• CP shares traded at $86.44, while the company reported quarterly revenue of $2.93 billion and adjusted earnings of $0.92 per share, exceeding analyst expectations.
• Canadian Pacific Kansas City declared a quarterly dividend of C$0.27 per share, representing a 1.2% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $111.83.

Formuepleje A S purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 12,744 shares of the transportation company's stock, valued at approximately $1,085,000.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. grew its stake in Canadian Pacific Kansas City by 1.3% during the 4th quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company's stock worth $1,725,294,000 after buying an additional 303,464 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Canadian Pacific Kansas City during the 2nd quarter valued at about $802,983,000. The Manufacturers Life Insurance Company bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth about $657,672,000. Legal & General Group Plc acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $604,797,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $576,687,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.4%

Shares of CP traded up $0.32 during midday trading on Thursday, hitting $86.44. The stock had a trading volume of 586,618 shares, compared to its average volume of 2,659,425. The business has a 50-day simple moving average of $89.72 and a two-hundred day simple moving average of $87.79. The firm has a market cap of $75.63 billion, a P/E ratio of 27.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. 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 fifty-two week low of $68.42 and a fifty-two week high of $96.90.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results 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 net margin of 25.02% and a return on equity of 9.02%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.70 EPS 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 dividend of C$0.27 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's payout ratio is currently 24.76%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CP shares. Citizens Jmp assumed coverage on Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a "market perform" rating for the company. Stephens raised Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. Citigroup restated a "cautious" rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 7th. Evercore set a $99.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $111.83.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited NYSE: CP is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.

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