QV Investors Inc. Sells 29,430 Shares of Canadian Pacific Kansas City Limited $CP

QV Investors Inc. trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 683,546 shares of the transportation company’s stock after selling 29,430 shares during the period. Canadian Pacific Kansas City accounts for approximately 4.6% of QV Investors Inc.’s portfolio, making the stock its 4th largest position. QV Investors Inc.’s holdings in Canadian Pacific Kansas City were worth $59,242,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $978,558,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Canadian Pacific Kansas City in the 2nd quarter valued at $802,983,000. The Manufacturers Life Insurance Company acquired a new position in Canadian Pacific Kansas City in the 2nd quarter valued at $657,672,000. Legal & General Group Plc purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth $604,797,000. Finally, Jupiter Topco LLC purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth $576,687,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CP has been the subject of several analyst reports. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Evercore set a $99.00 target price on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.60.

Canadian Pacific Kansas City Stock Down 0.1%

CP opened at $94.04 on Monday. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $96.90. The business has a 50-day moving average of $90.92 and a two-hundred day moving average of $86.76. The stock has a market capitalization of $82.60 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. 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 (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is 25.08%.

About Canadian Pacific Kansas City

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.