Canadian Pacific Kansas City Limited $CP Stock Holdings Boosted by Legal & General Group Plc

Legal & General Group Plc grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,780,366 shares of the transportation company’s stock after purchasing an additional 43,599 shares during the quarter. Legal & General Group Plc’s holdings in Canadian Pacific Kansas City were worth $537,590,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Canadian Pacific Kansas City by 2.9% during the second quarter. Vanguard Group Inc. now owns 38,223,823 shares of the transportation company’s stock valued at $3,036,558,000 after buying an additional 1,080,835 shares in the last quarter. TD Asset Management Inc lifted its holdings in Canadian Pacific Kansas City by 0.7% in the 2nd quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock valued at $1,665,106,000 after acquiring an additional 136,970 shares during the last quarter. Causeway Capital Management LLC lifted its holdings in Canadian Pacific Kansas City by 11.5% in the 1st quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock valued at $1,207,605,000 after acquiring an additional 1,778,984 shares during the last quarter. Invesco Ltd. boosted its position in shares of Canadian Pacific Kansas City by 59.5% during the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock valued at $1,192,471,000 after purchasing an additional 6,337,312 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Canadian Pacific Kansas City by 6.5% in the 1st quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company’s stock worth $1,147,220,000 after purchasing an additional 999,522 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP opened at $69.93 on Friday. The firm has a market capitalization of $62.74 billion, a P/E ratio of 21.32, a PEG ratio of 1.61 and a beta of 1.08. The stock has a fifty day moving average of $73.85 and a 200-day moving average of $76.65. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results 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). The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same period in the previous year, the firm posted $0.99 earnings per share. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be issued a $0.228 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.51%.

Analyst Ratings Changes

CP has been the subject of several recent research reports. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Stephens increased their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Jefferies Financial Group set a $90.00 target price on Canadian Pacific Kansas City in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.