AustralianSuper Pty Ltd Increases Holdings in Canadian Pacific Kansas City Limited $CP

AustralianSuper Pty Ltd increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 65.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,506 shares of the transportation company’s stock after purchasing an additional 6,555 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Canadian Pacific Kansas City were worth $1,215,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Frank Rimerman Advisors LLC grew its position in Canadian Pacific Kansas City by 0.8% during the third quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock worth $1,326,000 after buying an additional 145 shares in the last quarter. Cromwell Holdings LLC grew its position in Canadian Pacific Kansas City by 8.1% during the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock worth $143,000 after buying an additional 145 shares in the last quarter. Fortune Financial Advisors LLC grew its position in Canadian Pacific Kansas City by 1.2% during the fourth quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock worth $1,003,000 after buying an additional 158 shares in the last quarter. Brookstone Capital Management grew its position in Canadian Pacific Kansas City by 1.2% during 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 in the last quarter. Finally, Advisory Services Network LLC grew its position in Canadian Pacific Kansas City by 3.1% during the third quarter. Advisory Services Network LLC now owns 6,764 shares of the transportation company’s stock worth $504,000 after buying an additional 204 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

CP opened at $85.10 on Friday. The stock has a 50-day moving average price of $82.24 and a 200-day moving average price of $77.72. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $89.42. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $75.55 billion, a P/E ratio of 26.27, a PEG ratio of 1.86 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Sanford C. Bernstein boosted their target price on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada reduced their target price on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Citigroup boosted their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $95.89.

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.