Northwestern Mutual Wealth Management Co. Raises Stock Position in Canadian Pacific Kansas City Limited $CP

Northwestern Mutual Wealth Management Co. grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,126 shares of the transportation company’s stock after buying an additional 9,830 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Canadian Pacific Kansas City were worth $4,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock worth $2,884,826,000 after buying an additional 510,633 shares in the last quarter. Invesco Ltd. grew its stake in shares of Canadian Pacific Kansas City by 18.3% in 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after buying an additional 461,724 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Canadian Pacific Kansas City by 1.8% in the 4th quarter. Legal & General Group Plc now owns 7,324,191 shares of the transportation company’s stock worth $539,819,000 after acquiring an additional 130,783 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Canadian Pacific Kansas City by 3.1% in the 3rd quarter. Fiera Capital Corp now owns 5,864,045 shares of the transportation company’s stock worth $436,581,000 after acquiring an additional 178,661 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CP has been the subject of several analyst reports. Citigroup raised their target price on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Sanford C. Bernstein raised their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Barclays set a $99.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $96.50.

Canadian Pacific Kansas City Trading Down 1.1%

Shares of CP opened at $89.16 on Thursday. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.50. The company has a 50-day moving average of $83.96 and a 200 day moving average of $79.27. The firm has a market capitalization of $79.10 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the business earned $1.06 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.68%.

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.