Barclays PLC Increases Stock Position in Canadian Pacific Kansas City Limited $CP

Barclays PLC boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,261,276 shares of the transportation company’s stock after buying an additional 14,086 shares during the quarter. Barclays PLC’s holdings in Canadian Pacific Kansas City were worth $240,128,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Alamea Verwaltungs GmbH purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth about $883,000. Kestra Advisory Services LLC boosted its stake in Canadian Pacific Kansas City by 126.7% during the fourth quarter. Kestra Advisory Services LLC now owns 33,028 shares of the transportation company’s stock worth $2,432,000 after buying an additional 18,457 shares during the period. Meixler Investment Management Ltd. boosted its stake in Canadian Pacific Kansas City by 25.0% during the fourth quarter. Meixler Investment Management Ltd. now owns 27,599 shares of the transportation company’s stock worth $2,032,000 after buying an additional 5,523 shares during the period. Williams Jones Wealth Management LLC. boosted its stake in Canadian Pacific Kansas City by 30.9% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 129,125 shares of the transportation company’s stock worth $9,507,000 after buying an additional 30,466 shares during the period. Finally, UMB Bank n.a. boosted its stake in Canadian Pacific Kansas City by 0.5% during the fourth quarter. UMB Bank n.a. now owns 112,109 shares of the transportation company’s stock worth $8,255,000 after buying an additional 576 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the subject of several research analyst reports. Citigroup increased their target price on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Friday, May 29th. Susquehanna reissued a “positive” rating and set a $104.00 price target on shares of Canadian Pacific Kansas City in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce set a $140.00 price target on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 9th. Finally, Royal Bank Of Canada reduced their price target on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.22.

Canadian Pacific Kansas City Stock Down 0.1%

Shares of NYSE:CP opened at $89.99 on Monday. The firm’s 50 day moving average price is $85.52 and its 200 day moving average price is $80.26. The stock has a market cap of $79.84 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $91.50. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business earned $1.06 EPS. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.2%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is 20.68%.

Canadian Pacific Kansas City Company 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.