Great Lakes Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 17,164 shares of the transportation company's stock, valued at approximately $1,487,000.
Other large investors have also made changes to their positions in 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 acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $29,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $31,000. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $36,000. Institutional investors own 72.20% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on CP. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Susquehanna boosted their price target on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. Royal Bank Of Canada reiterated an "outperform" rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Weiss Ratings raised Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 2nd. Finally, Citizens Jmp started coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. One research 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 stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average price target of $108.60.
Read Our Latest Research Report on Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Performance
CP opened at $96.81 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock's 50 day moving average price is $90.21 and its two-hundred day moving average price is $86.16. The firm has a market capitalization of $85.04 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $96.90.
Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.Canadian Pacific Kansas City's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 earnings per share. On average, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City's payout ratio is presently 25.08%.
About Canadian Pacific Kansas City
(
Free Report)
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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