PensionDanmark Pensionsforsikringsaktieselskab Has $14.60 Million Stock Position in Canadian Pacific Kansas City Limited $CP

PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.6% during the second quarter, Holdings Channel.com reports. The firm owned 168,469 shares of the transportation company’s stock after acquiring an additional 7,407 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Canadian Pacific Kansas City were worth $14,601,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Prosperity Bancshares Inc acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $29,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $31,000. Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth $36,000. Finally, Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth $35,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 1.5%

Shares of Canadian Pacific Kansas City stock opened at $91.62 on Friday. The stock has a fifty day simple moving average of $89.42 and a 200 day simple moving average of $84.69. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $93.95. The company has a market capitalization of $80.79 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 1.76 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.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the firm posted $1.12 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a $0.268 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is currently 25.08%.

Analysts Set New Price Targets

A number of brokerages have commented on CP. Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Finally, Citizens Jmp began coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. One research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.