Invesco Ltd. Has $1.72 Billion Stock Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Invesco Ltd. raised its stake in Canadian Pacific Kansas City by 18.3% in Q3 to 23,128,485 shares, equal to about 2.57% of the company and valued at roughly $1.72 billion.
• Analysts hold a consensus rating of "Moderate Buy" on CP with an average target price of $92 (10 Buys, 4 Holds), amid mixed recent guidance including Morgan Stanley's upgrade to Overweight and Evercore trimming its target to $85.
• CPKC declared a quarterly dividend of $0.228 per share (annualized $0.91, ~1.1% yield) with record date March 27 and pay date April 27, and recently missed quarterly EPS estimates ($0.95 reported vs. $0.99 expected).

Invesco Ltd. raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,128,485 shares of the transportation company's stock after buying an additional 3,585,030 shares during the quarter. Invesco Ltd. owned about 2.57% of Canadian Pacific Kansas City worth $1,722,841,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $27,000. Caldwell Trust Co bought a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $30,000. Cornerstone Planning Group LLC boosted its stake in Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company's stock worth $36,000 after purchasing an additional 335 shares during the period. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the 1st quarter worth $35,000. Finally, SJS Investment Consulting Inc. bought a new position in Canadian Pacific Kansas City during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

CP has been the topic of a number of research reports. Evercore cut their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an "outperform" rating on the stock in a report on Thursday, January 29th. Morgan Stanley upgraded Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating in a report on Monday, December 8th. Wall Street Zen lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Tuesday, March 3rd. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Finally, Barclays set a $93.00 price target on Canadian Pacific Kansas City in a research report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $92.00.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $81.09 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The business's 50 day moving average price is $78.88 and its two-hundred day moving average price is $75.76. The company has a market cap of $72.81 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.06. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $89.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The business's quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.43%.

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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