Canadian Pacific Kansas City Limited $CP Shares Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 364.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,946 shares of the transportation company’s stock after acquiring an additional 15,654 shares during the quarter. Mirabella Financial Services LLP’s holdings in Canadian Pacific Kansas City were worth $1,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CP. Norges Bank purchased a new stake in Canadian Pacific Kansas City during the second quarter worth $1,012,065,000. JPMorgan Chase & Co. increased its position in shares of Canadian Pacific Kansas City by 87.2% in the second quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock valued at $1,268,325,000 after buying an additional 7,454,810 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Canadian Pacific Kansas City by 281.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company’s stock worth $430,540,000 after buying an additional 4,005,942 shares during the last quarter. Invesco Ltd. raised its stake in shares of Canadian Pacific Kansas City by 18.3% during the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after buying an additional 3,585,030 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Canadian Pacific Kansas City by 31.3% in the 2nd quarter. Franklin Resources Inc. now owns 11,611,625 shares of the transportation company’s stock worth $921,881,000 after buying an additional 2,765,424 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.7%

CP opened at $78.54 on Friday. The firm has a market cap of $70.53 billion, a P/E ratio of 24.32, a PEG ratio of 1.69 and a beta of 1.06. The business’s fifty day simple moving average is $79.67 and its 200 day simple moving average is $75.92. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $89.42. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 EPS. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued 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 1.2%. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CP shares. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Finally, National Bank Financial downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Ten equities 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

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.