Nykredit A S Takes $23.24 Million Position in Canadian Pacific Kansas City Limited $CP

Nykredit A S 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 13F filing with the SEC. The institutional investor purchased 268,158 shares of the transportation company's stock, valued at approximately $23,241,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CP. Invesco Ltd. raised its stake in shares of Canadian Pacific Kansas City by 1.3% during the 4th quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company's stock worth $1,725,294,000 after buying an additional 303,464 shares during the last quarter. FIL Ltd lifted its holdings in shares of Canadian Pacific Kansas City by 20.2% in the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company's stock valued at $1,227,045,000 after purchasing an additional 2,804,686 shares in the last quarter. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $978,558,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $802,983,000. Finally, Geode Capital Management LLC grew its position in shares of Canadian Pacific Kansas City by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company's stock valued at $661,339,000 after purchasing an additional 461,724 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on CP. Stephens upgraded Canadian Pacific Kansas City to a "hold" rating in a research report on Wednesday, July 8th. Susquehanna increased 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. Wells Fargo & Company raised their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 8th. 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. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average price target of $108.60.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $91.28 on Friday. The stock has a fifty day moving average price of $91.31 and a 200 day moving average price of $86.96. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90. The firm has a market capitalization of $80.18 billion, a P/E ratio of 29.35, a PEG ratio of 1.87 and a beta of 1.12. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

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 EPS 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%.The firm's revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.72 earnings per share 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. Shareholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 25.08%.

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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