Northwestern Mutual Wealth Management Co. Purchases Shares of 68,034 Canadian Pacific Kansas City Limited $CP

Key Points

• Northwestern Mutual Wealth Management purchased 68,034 shares of Canadian Pacific Kansas City worth approximately $5.9 million, while institutional investors and hedge funds collectively own 72.2% of the company.
• Canadian Pacific Kansas City exceeded quarterly expectations, reporting $0.92 in EPS versus the $0.89 consensus and $2.93 billion in revenue, up 12.6% year over year.
• The company declared a quarterly dividend of $0.268 per share, equivalent to a 1.1% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $108.60.

Northwestern Mutual Wealth Management Co. purchased a new stake 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 & Exchange Commission. The firm purchased 68,034 shares of the transportation company's stock, valued at approximately $5,895,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in Canadian Pacific Kansas City by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company's stock valued at $304,000 after buying an additional 130 shares during the last quarter. Foster Group Inc. lifted its position in Canadian Pacific Kansas City by 3.3% during the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company's stock worth $371,000 after acquiring an additional 137 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in Canadian Pacific Kansas City by 1.2% during the first quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company's stock valued at $950,000 after acquiring an additional 142 shares during the period. Altshuler Shaham Ltd boosted its holdings in Canadian Pacific Kansas City by 1.2% during the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company's stock valued at $926,000 after acquiring an additional 144 shares during the period. Finally, Essex Financial Services Inc. grew its position in shares of Canadian Pacific Kansas City by 3.2% in the first quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company's stock valued at $376,000 after purchasing an additional 149 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $96.81 on Monday. The firm has a market cap of $85.04 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. The firm's 50-day simple moving average is $90.21 and its 200-day simple moving average is $86.24. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $96.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 earnings per share. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

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 paid a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio is currently 25.08%.

Analyst Ratings Changes

CP has been the topic of a number of recent analyst reports. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Susquehanna raised their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. Citizens Jmp assumed coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.60.

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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