Commerce Bank Buys Shares of 41,691 Canadian Pacific Kansas City Limited $CP

Commerce Bank purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 41,691 shares of the transportation company’s stock, valued at approximately $3,613,000.

A number of other large investors have also made changes to their positions in CP. Prosperity Bancshares Inc purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at $26,000. Gilpin Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $29,000. McMillan Office Inc. purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $31,000. Wealth Watch Advisors INC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $36,000. Finally, Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter valued at about $35,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CP. Citizens Jmp started coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Canadian Imperial Bank of Commerce upped their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Finally, Citigroup lifted their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $94.69 on Tuesday. The firm has a market capitalization of $83.17 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The business has a fifty day moving average of $90.32 and a 200 day moving average of $86.36. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 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.