Canadian Pacific Kansas City Limited $CP Shares Purchased by Groupama Asset Managment

Groupama Asset Managment grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 124.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,381 shares of the transportation company’s stock after buying an additional 68,333 shares during the quarter. Groupama Asset Managment’s holdings in Canadian Pacific Kansas City were worth $9,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Cromwell Holdings LLC boosted its holdings in shares of Canadian Pacific Kansas City by 8.1% in the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 145 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Canadian Pacific Kansas City by 3.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock valued at $371,000 after buying an additional 157 shares in the last quarter. Fortune Financial Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after acquiring an additional 158 shares in the last quarter. Brookstone Capital Management boosted its position in shares of Canadian Pacific Kansas City by 1.2% in the fourth quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock worth $1,057,000 after buying an additional 176 shares during the period. Finally, Vident Advisory LLC lifted its stake in Canadian Pacific Kansas City by 2.1% in the 4th quarter. Vident Advisory LLC now owns 9,637 shares of the transportation company’s stock worth $710,000 after acquiring an additional 201 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $86.06 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The stock has a market capitalization of $76.35 billion, a PE ratio of 26.56, a PEG ratio of 1.83 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $91.52. The stock’s fifty day moving average is $86.18 and its 200-day moving average is $80.69.

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 (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $1.06 EPS. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CP shares. Canadian Imperial Bank of Commerce set a $140.00 target price on Canadian Pacific Kansas City in a research note on Tuesday, June 9th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Scotiabank cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a research note on Tuesday. Finally, Susquehanna reissued a “positive” rating and set a $104.00 price objective on shares of Canadian Pacific Kansas City in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.40.

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.