Canadian Pacific Kansas City Limited $CP Shares Bought by Markel Group Inc.

Markel Group Inc. boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,500 shares of the transportation company’s stock after acquiring an additional 6,500 shares during the quarter. Markel Group Inc.’s holdings in Canadian Pacific Kansas City were worth $6,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $802,983,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $657,672,000. Legal & General Group Plc purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $604,797,000. Jupiter Topco LLC bought a new position in shares of Canadian Pacific Kansas City in the second quarter worth approximately $576,687,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Canadian Pacific Kansas City in the second quarter worth approximately $542,469,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Wells Fargo & Company increased their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 24th. Susquehanna raised their price target on shares of Canadian Pacific Kansas City from $98.00 to $105.00 and gave the stock a “positive” rating in a report on Tuesday. Finally, Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.58.

Canadian Pacific Kansas City Trading Down 0.3%

CP opened at $91.17 on Wednesday. The business has a 50 day simple moving average of $88.58 and a two-hundred day simple moving average of $86.10. The firm has a market capitalization of $79.28 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.52 and a quick ratio of 0.44. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 28th. The transportation company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). Canadian Pacific Kansas City had a return on equity of 9.27% and a net margin of 24.14%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the business posted $1.10 earnings per share. Canadian Pacific Kansas City’s quarterly revenue was up 15.2% compared to the same quarter last year. Analysts predict that Canadian Pacific Kansas City Limited will post 3.67 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 25th. Investors of record on Thursday, December 31st will be paid a C$0.27 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 24.68%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.