Canadian Pacific Kansas City Limited $CP Shares Acquired by Quilter Plc

Quilter Plc boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 906,970 shares of the transportation company’s stock after buying an additional 79,316 shares during the period. Quilter Plc’s holdings in Canadian Pacific Kansas City were worth $67,534,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its position in shares of Canadian Pacific Kansas City by 9.1% in the 3rd quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company’s stock worth $623,937,000 after buying an additional 698,705 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in Canadian Pacific Kansas City by 40.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 66,355 shares of the transportation company’s stock worth $4,943,000 after buying an additional 19,260 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Canadian Pacific Kansas City by 1.2% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 351,900 shares of the transportation company’s stock worth $26,214,000 after acquiring an additional 4,100 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of Canadian Pacific Kansas City by 35.2% during the third quarter. UniSuper Management Pty Ltd now owns 970,786 shares of the transportation company’s stock valued at $72,314,000 after acquiring an additional 252,804 shares during the last quarter. Finally, Strs Ohio acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $376,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP opened at $72.80 on Friday. The company has a market capitalization of $65.35 billion, a P/E ratio of 22.20, a PEG ratio of 1.61 and a beta of 1.10. The company has a 50-day moving average of $72.74 and a 200-day moving average of $74.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a $0.228 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.12%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Evercore ISI decreased their price objective on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Barclays set a $90.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Citigroup set a $88.00 target price on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, Natl Bk Canada lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $92.36.

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.