Canadian Pacific Kansas City Limited $CP Stock: Lawson Kroeker Investment Management Inc. NE Lowers Holdings

Lawson Kroeker Investment Management Inc. NE trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,223 shares of the transportation company’s stock after selling 6,315 shares during the period. Canadian Pacific Kansas City comprises about 2.2% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 21st largest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Canadian Pacific Kansas City were worth $7,082,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CP. Fiduciary Financial Advisors acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth about $25,000. Jones Financial Companies Lllp bought a new position in Canadian Pacific Kansas City in the 2nd quarter valued at about $44,000. Western Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at about $50,000. Knuff & Co LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter valued at about $50,000. Finally, Chilton Capital Management LLC boosted its stake in Canadian Pacific Kansas City by 192.3% during the 2nd quarter. Chilton Capital Management LLC now owns 684 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 450 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CP shares. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Wells Fargo & Company raised their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Zacks Research raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Finally, Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.83.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $89.60 on Friday. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90. The company’s 50 day moving average price is $89.15 and its two-hundred day moving average price is $88.20. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock has a market cap of $78.40 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.91 and a beta of 1.13.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results 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 the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.68 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a C$0.27 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 24.76%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.