Sone Capital Management LLC Purchases New Stake in Canadian Pacific Kansas City Limited $CP

Key Points

• Sone Capital Management purchased 95,383 shares of Canadian Pacific Kansas City in the second quarter, valued at approximately $8.27 million. Institutional investors collectively own 72.2% of the company.
• Analysts maintain a generally positive view, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $108.60.
• CP 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, equivalent to a 1.1% annual yield.

Sone Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 95,383 shares of the transportation company's stock, valued at approximately $8,269,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Fiduciary Financial Advisors purchased a new position in Canadian Pacific Kansas City in the second quarter valued at about $25,000. Prosperity Bancshares Inc purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $29,000. McMillan Office Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $31,000. Finally, Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

CP has been the subject of several research reports. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Stephens raised shares of Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. Susquehanna raised their price objective on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a "positive" rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Finally, Citizens Jmp assumed coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a "market perform" rating on the stock. One investment 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 MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Down 2.1%

Shares of CP opened at $94.69 on Tuesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The company's fifty day moving average is $90.32 and its two-hundred day moving average is $86.36. The firm has a market cap of $83.17 billion, a PE ratio of 30.45, a price-to-earnings-growth 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 analysts' consensus estimates of $0.89 by $0.03. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

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

Canadian Pacific Kansas City Company 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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