Jennison Associates LLC Buys New Shares in Canadian Pacific Kansas City Limited $CP

Key Points

• Jennison Associates LLC bought a new stake in Canadian Pacific Kansas City (CP) of 26,929 shares valued at about $1.98 million in Q4, and institutional investors now own roughly 72.20% of the stock.
• CPKC reported quarterly EPS of $0.76 versus consensus $0.78 and revenue of $2.66 billion versus expected $2.70 billion, with revenue down about 2.5% year‑over‑year.
• The company raised its quarterly dividend to $0.268 (annualized $1.07, ~1.2% yield), while analysts’ consensus is a “Moderate Buy” with a target price of $95.30.

Jennison Associates LLC bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 26,929 shares of the transportation company's stock, valued at approximately $1,983,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Caldwell Trust Co acquired a new position in Canadian Pacific Kansas City in the third quarter worth about $30,000. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the first quarter worth about $35,000. Cornerstone Planning Group LLC raised its position in Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company's stock worth $36,000 after purchasing an additional 335 shares in the last quarter. Wealth Watch Advisors INC acquired a new position in Canadian Pacific Kansas City in the third quarter worth about $36,000. Finally, Aventura Private Wealth LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CP. Sanford C. Bernstein increased their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a "market perform" rating in a research report on Tuesday, March 31st. Royal Bank Of Canada dropped their price target on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an "outperform" rating for the company in a research report on Thursday. Barclays set a $99.00 price target on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research report on Thursday. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Tuesday, March 3rd. Finally, Evercore dropped their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an "outperform" rating for the company in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $95.30.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $86.29 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. The firm has a market cap of $76.60 billion, a P/E ratio of 26.63, a P/E/G ratio of 1.85 and a beta of 1.09. The firm has a 50 day simple moving average of $82.47 and a 200 day simple moving average of $77.14. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $89.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.90%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the business earned $1.06 EPS. The business's revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.75 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City's payout ratio is 20.68%.

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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