Coleford Investment Management Ltd. Purchases New Stake in Canadian Pacific Kansas City Limited $CP

Coleford Investment Management Ltd. acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, Holdings Channel reports. The fund acquired 133,496 shares of the transportation company’s stock, valued at approximately $9,931,000. Canadian Pacific Kansas City comprises about 2.4% of Coleford Investment Management Ltd.’s portfolio, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in Canadian Pacific Kansas City during the second quarter valued at approximately $1,012,065,000. JPMorgan Chase & Co. raised its position in shares of Canadian Pacific Kansas City by 87.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock worth $1,268,325,000 after purchasing an additional 7,454,810 shares during the period. Fisher Asset Management LLC boosted its position in 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 valued at $430,540,000 after purchasing an additional 4,005,942 shares during the period. Franklin Resources Inc. grew its stake in Canadian Pacific Kansas City by 31.3% during 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 during the last quarter. Finally, Invesco Ltd. lifted its stake in Canadian Pacific Kansas City by 15.1% in the second quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock valued at $1,549,210,000 after buying an additional 2,559,104 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $83.74 on Friday. The stock has a market capitalization of $75.16 billion, a P/E ratio of 25.92, a P/E/G ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The business’s fifty day moving average is $74.77 and its two-hundred day moving average is $74.39. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $85.15.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is 20.43%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CP shares. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Jefferies Financial Group set a $90.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Evercore dropped their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Finally, Citigroup lowered their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.