55,048 Shares in Canadian Pacific Kansas City Limited $CP Bought by Groupama Asset Managment

Groupama Asset Managment acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 55,048 shares of the transportation company’s stock, valued at approximately $4,101,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter worth about $27,000. Caldwell Trust Co bought a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at about $30,000. Wealth Watch Advisors INC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth about $36,000. Cornerstone Planning Group LLC grew its holdings in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after buying an additional 335 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $35,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CP shares. Evercore cut their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Wall Street Zen cut shares of 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 report on Thursday, January 29th. National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Stock Down 1.7%

NYSE:CP opened at $78.54 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $89.42. The firm has a market capitalization of $70.53 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 1.69 and a beta of 1.06. 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 stock’s 50 day moving average price is $79.67 and its two-hundred day moving average price is $75.92.

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

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 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.