Canadian Pacific Kansas City Limited $CP Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 747,038 shares of the transportation company’s stock after acquiring an additional 10,391 shares during the period. HighTower Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $64,731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in shares of Canadian Pacific Kansas City by 1.3% in the 4th quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after purchasing an additional 303,464 shares during the last quarter. FIL Ltd increased its holdings in shares of Canadian Pacific Kansas City by 20.2% in the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after purchasing an additional 2,804,686 shares during the period. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $978,558,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth approximately $802,983,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after purchasing an additional 461,724 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 0.1%

CP opened at $91.69 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $96.90. The stock has a market capitalization of $80.54 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.91 and a beta of 1.12. The business has a 50 day simple moving average of $91.49 and a 200-day simple moving average of $87.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm 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 quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is presently 25.08%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Citigroup lifted their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

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.