Varma Mutual Pension Insurance Co Purchases 50,800 Shares of Canadian Pacific Kansas City Limited $CP

Varma Mutual Pension Insurance Co grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 31.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 212,709 shares of the transportation company’s stock after buying an additional 50,800 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Canadian Pacific Kansas City were worth $15,845,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at $27,000. Caldwell Trust Co bought a new position in shares of Canadian Pacific Kansas City during the third quarter valued at $30,000. Cornerstone Planning Group LLC boosted its position in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after buying an additional 335 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the 1st quarter worth about $35,000. Finally, SJS Investment Consulting Inc. purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $124.00 price target (down previously from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Trading Down 0.2%

Shares of Canadian Pacific Kansas City stock opened at $83.63 on Friday. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $85.15. The company’s fifty day simple moving average is $74.57 and its 200-day simple moving average is $74.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The stock has a market capitalization of $75.07 billion, a PE ratio of 25.89, a P/E/G ratio of 1.78 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the business posted $1.29 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 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, April 27th. Investors of record on Friday, March 27th will be paid a dividend of $0.228 per share. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Canadian Pacific Kansas City Company 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.