Korea Investment CORP Makes New $25.96 Million Investment in Canadian Pacific Kansas City Limited $CP

Key Points

• Korea Investment CORP acquired 299,552 shares of Canadian Pacific Kansas City in the second quarter, worth approximately $25.96 million. Institutional investors collectively own 72.2% of the company.
• Canadian Pacific Kansas City reported quarterly revenue of $2.93 billion, up 12.6% year over year, while adjusted earnings of $0.92 per share exceeded analyst expectations of $0.89.
• The company declared a quarterly dividend of $0.268 per share, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $108.60, above the stock’s reported $96.81 price.

Korea Investment CORP purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 299,552 shares of the transportation company's stock, valued at approximately $25,962,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CP. EP Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth $867,000. Ieq Capital LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at about $1,373,000. Callan Family Office LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at about $2,327,000. Manhattan West Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the second quarter worth about $3,678,000. Finally, Patron Partners LLC bought a new stake in Canadian Pacific Kansas City during the second quarter worth about $233,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $96.81 on Monday. The company has a 50-day simple moving average of $90.21 and a two-hundred day simple moving average of $86.24. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $96.90. The firm has a market cap of $85.04 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.89 and a beta of 1.10. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping 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 firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the business earned $1.12 earnings per share. The company's quarterly revenue was up 12.6% on a year-over-year basis. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 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. Investors of record on Friday, September 25th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 25.08%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CP shares. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the company an "overweight" rating in a research report on Thursday, June 25th. Susquehanna boosted their target price 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. Weiss Ratings raised Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 2nd. Canadian Imperial Bank of Commerce increased their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an "outperformer" rating in a research report on Thursday, June 25th. Finally, Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $108.60.

Canadian Pacific Kansas City 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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