Royal London Asset Management Ltd. Has $41.68 Million Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Royal London Asset Management reduced its Canadian Pacific Kansas City stake by 2.2% in the second quarter, selling 10,998 shares and retaining 480,986 shares valued at approximately $41.68 million.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $108.60, compared with the stock’s reported opening price of $94.04.
• Canadian Pacific Kansas City beat quarterly expectations with $0.92 EPS and $2.93 billion in revenue; revenue rose 12.6% year over year. The company also declared a quarterly dividend of $0.268 per share, implying a 1.1% annual yield.

Royal London Asset Management Ltd. trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480,986 shares of the transportation company's stock after selling 10,998 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.05% of Canadian Pacific Kansas City worth $41,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CP. Fiduciary Financial Advisors acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $25,000. Prosperity Bancshares Inc bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $29,000. McMillan Office Inc. acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $31,000. Finally, Wealth Watch Advisors INC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $36,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the company an "overweight" rating in a report on Thursday, June 25th. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. 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. Finally, Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $94.04 on Friday. The firm has a market cap of $82.60 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.84 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 quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $90.92 and a 200 day moving average price of $86.72.

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. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate 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 revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 EPS. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's payout ratio 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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