Royal London Asset Management Ltd. Has $41.68 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Royal London Asset Management Ltd. reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 480,986 shares of the transportation company’s stock after selling 10,998 shares during the period. Royal London Asset Management Ltd.’s holdings in Canadian Pacific Kansas City were worth $41,677,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fiduciary Financial Advisors bought a new stake in Canadian Pacific Kansas City in the second quarter valued at about $25,000. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $26,000. Gilpin Wealth Management LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $29,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $31,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth about $35,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.2%

NYSE:CP opened at $94.04 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The stock has a market cap of $82.60 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.84 and a beta of 1.10. The stock has a 50-day moving average price of $90.92 and a two-hundred day moving average price of $86.72.

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, topping analysts’ consensus estimates of $0.89 by $0.03. The company 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%.Canadian Pacific Kansas City’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, June 25th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Canadian Imperial Bank of Commerce upped their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Finally, Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average 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.