Thornburg Investment Management Inc. Has $174.85 Million Holdings in Canadian Pacific Kansas City Limited $CP

Thornburg Investment Management Inc. lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,017,847 shares of the transportation company’s stock after selling 10,866 shares during the period. Canadian Pacific Kansas City comprises 1.7% of Thornburg Investment Management Inc.’s holdings, making the stock its 17th biggest holding. Thornburg Investment Management Inc. owned approximately 0.23% of Canadian Pacific Kansas City worth $174,846,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CP. Saranac Partners Ltd bought a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $6,773,000. HighTower Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock valued at $46,434,000 after acquiring an additional 37,044 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $1,983,000. WGI DM LLC boosted its holdings in shares of Canadian Pacific Kansas City by 3.9% during the 4th quarter. WGI DM LLC now owns 437,824 shares of the transportation company’s stock valued at $32,237,000 after acquiring an additional 16,282 shares in the last quarter. Finally, Pacific Heights Asset Management LLC grew its position in Canadian Pacific Kansas City by 42.5% during the 4th quarter. Pacific Heights Asset Management LLC now owns 285,000 shares of the transportation company’s stock worth $20,985,000 after acquiring an additional 85,000 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.2%

Shares of NYSE:CP opened at $94.04 on Friday. The firm has a market cap of $82.60 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.84 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $96.90. The business has a fifty day simple moving average of $90.92 and a 200 day simple moving average of $86.72. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.12 EPS. Analysts predict that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is currently 25.08%.

Analyst Upgrades and Downgrades

CP has been the subject of several research reports. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Finally, Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

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.