Legal & General Group Plc Acquires 413,042 Shares of Canadian Pacific Kansas City Limited $CP

Legal & General Group Plc increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.1% during the third quarter, Holdings Channel reports. The firm owned 7,193,408 shares of the transportation company’s stock after acquiring an additional 413,042 shares during the quarter. Legal & General Group Plc’s holdings in Canadian Pacific Kansas City were worth $535,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CP. Frank Rimerman Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 0.8% in the second quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock worth $1,399,000 after buying an additional 139 shares in the last quarter. Assetmark Inc. grew its stake in Canadian Pacific Kansas City by 28.5% during the second quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 191 shares in the last quarter. Signaturefd LLC increased its holdings in Canadian Pacific Kansas City by 1.0% in the 3rd quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock valued at $1,507,000 after acquiring an additional 207 shares during the last quarter. Savant Capital LLC increased its holdings in Canadian Pacific Kansas City by 0.7% in the 3rd quarter. Savant Capital LLC now owns 30,499 shares of the transportation company’s stock valued at $2,272,000 after acquiring an additional 220 shares during the last quarter. Finally, Pacifica Partners Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 12.0% during the 3rd quarter. Pacifica Partners Inc. now owns 2,155 shares of the transportation company’s stock valued at $161,000 after purchasing an additional 231 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CP has been the subject of a number of research analyst reports. Evercore cut their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Stock Up 0.0%

Shares of NYSE CP opened at $83.91 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The company’s 50-day simple moving average is $78.54 and its 200-day simple moving average is $75.67. The firm has a market cap of $75.35 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.43%.

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.