Varma Mutual Pension Insurance Co Buys New Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Varma Mutual Pension Insurance Co. acquired 196,009 shares of Canadian Pacific Kansas City, valued at approximately $17.0 million. Institutional investors and hedge funds collectively own 72.2% of the company.
• CP shares recently traded at $96.81, near their 12-month high of $96.90, after the company beat quarterly earnings and revenue estimates. Revenue increased 12.6% year over year, while adjusted earnings reached $0.92 per share versus the $0.89 consensus.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $108.60. Canadian Pacific Kansas City also announced a quarterly dividend of $0.268 per share, equivalent to a 1.1% annual yield.

Varma Mutual Pension Insurance Co acquired 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 Form 13F filing with the SEC. The firm acquired 196,009 shares of the transportation company's stock, valued at approximately $16,988,000.

Other hedge funds also recently made changes to their positions in the company. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $26,000. Gilpin Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth about $29,000. McMillan Office Inc. purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $31,000. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at $35,000. Finally, Wealth Watch Advisors INC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 2.1%

Shares of CP stock opened at $96.81 on Friday. The firm has a 50-day moving average price of $90.21 and a 200 day moving average price of $86.16. 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 company has a market capitalization of $85.04 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.89 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.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion for 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 company's revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 earnings per share. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given 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 (DPR) is 25.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CP shares. Weiss Ratings raised shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 2nd. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Citizens Jmp began coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. Evercore set a $99.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $108.60.

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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