Pacific Heights Asset Management LLC Invests $28.16 Million in Canadian Pacific Kansas City Limited $CP

Key Points

• Pacific Heights Asset Management acquired 325,000 shares of Canadian Pacific Kansas City valued at approximately $28.16 million. Institutional investors and hedge funds collectively own 72.2% of the company.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $108.60.
• Canadian Pacific Kansas City reported quarterly EPS of $0.92, exceeding estimates, while revenue rose 12.6% year over year to $2.93 billion. The company also declared a quarterly dividend of $0.268 per share, yielding about 1.1% annually.

Pacific Heights Asset Management LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 325,000 shares of the transportation company's stock, valued at approximately $28,161,000.

A number of other large investors have also made changes to their positions in CP. Norges Bank acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $978,558,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $802,983,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $657,672,000. Legal & General Group Plc purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $604,797,000. Finally, Jupiter Topco LLC acquired a new position in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $576,687,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CP shares. Wall Street Zen raised shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Susquehanna boosted their price target 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. Citigroup increased their price target on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a "market perform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $108.60.

Canadian Pacific Kansas City Trading Down 0.9%

NYSE CP opened at $93.89 on Friday. The company has a market cap of $82.47 billion, a P/E ratio of 30.19, a P/E/G ratio of 1.85 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $96.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The company has a 50-day moving average of $90.76 and a 200-day moving average of $86.67.

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

Canadian Pacific Kansas City Announces Dividend

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 issued a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 25.08%.

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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