Vise Technologies Inc. Makes New $2.33 Million Investment in Canadian Pacific Kansas City Limited $CP

Key Points

• Vise Technologies purchased 26,901 shares of Canadian Pacific Kansas City in the second quarter, valued at approximately $2.33 million. Institutional investors and hedge funds collectively own 72.2% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $108.60. CP recently traded near $96.81, close to its 12-month high.
• Canadian Pacific Kansas City exceeded quarterly earnings and revenue expectations, reporting $0.92 EPS and $2.93 billion in revenue, while revenue rose 12.6% year over year. The company also announced a quarterly dividend of $0.268 per share, yielding about 1.1% annually.

Vise Technologies Inc. bought a new stake 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 Securities & Exchange Commission. The fund bought 26,901 shares of the transportation company's stock, valued at approximately $2,331,000.

Several other large investors have also modified their holdings of CP. Intech Investment Management LLC increased its position in shares of Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company's stock worth $1,493,000 after purchasing an additional 2,940 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at about $35,000. Sivia Capital Partners LLC purchased a new position in Canadian Pacific Kansas City during the second quarter worth about $206,000. Prudential Financial Inc. boosted its stake in Canadian Pacific Kansas City by 8.7% during the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company's stock worth $411,000 after buying an additional 415 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company's stock valued at $104,000 after acquiring an additional 369 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

CP has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Canadian Pacific Kansas City from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 2nd. Stephens raised shares of Canadian Pacific Kansas City to a "hold" rating in a research report on Wednesday, July 8th. Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the company an "overweight" rating in a report on Thursday, June 25th. Wells Fargo & Company boosted their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 8th. Finally, Argus set a $105.00 price target on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $108.60.

Canadian Pacific Kansas City Trading Up 2.1%

NYSE:CP opened at $96.81 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $96.90. The firm has a market cap of $85.04 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $90.21 and a 200 day moving average price of $86.16.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 9.02% and a net margin of 25.02%.Canadian Pacific Kansas City's revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 EPS. Sell-side analysts anticipate 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. Stockholders of record on Friday, September 25th will be given 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 dividend yield of 1.1%. Canadian Pacific Kansas City's payout ratio 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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