Focus Partners Wealth Grows Stake in Canadian Pacific Kansas City Limited $CP

Focus Partners Wealth lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 737,018 shares of the transportation company’s stock after purchasing an additional 30,297 shares during the period. Focus Partners Wealth’s holdings in Canadian Pacific Kansas City were worth $54,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 during the last quarter. Invesco Ltd. boosted 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 during the last quarter. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $978,558,000. Geode Capital Management LLC boosted 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 during the last quarter. Finally, Cibc World Market Inc. boosted its stake in shares of Canadian Pacific Kansas City by 21.9% in the 4th quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock worth $620,925,000 after buying an additional 1,517,323 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $89.22 on Tuesday. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $91.52. The stock has a market cap of $79.15 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 1.93 and a beta of 1.09. The company’s 50 day moving average is $85.73 and its two-hundred day moving average is $80.38. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm 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 posted $1.06 EPS. Canadian Pacific Kansas City’s revenue was down 2.5% on a year-over-year basis. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. 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%.

Analyst Ratings Changes

CP has been the topic of a number of research reports. ATB Cormark Capital Markets downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. Citigroup lifted their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein lifted their target price on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.22.

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.