Hemenway Trust Co LLC Buys 7,529 Shares of Canadian Pacific Kansas City Limited $CP

Hemenway Trust Co LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 50,653 shares of the transportation company’s stock after acquiring an additional 7,529 shares during the quarter. Hemenway Trust Co LLC’s holdings in Canadian Pacific Kansas City were worth $3,773,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CP. Vanguard Group Inc. lifted its holdings in Canadian Pacific Kansas City by 1.3% during 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. raised its position in shares of Canadian Pacific Kansas City by 15.1% during the second quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock worth $1,549,210,000 after acquiring an additional 2,559,104 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Canadian Pacific Kansas City by 0.9% during the second quarter. Mackenzie Financial Corp now owns 16,498,767 shares of the transportation company’s stock valued at $1,311,512,000 after acquiring an additional 150,963 shares during the period. JPMorgan Chase & Co. boosted its holdings in Canadian Pacific Kansas City by 87.2% in the second quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock valued at $1,268,325,000 after acquiring an additional 7,454,810 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Canadian Pacific Kansas City by 16.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,850,737 shares of the transportation company’s stock valued at $1,018,952,000 after acquiring an additional 1,792,388 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.1%

Shares of NYSE CP opened at $84.66 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $85.15. The stock has a market cap of $76.00 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 1.78 and a beta of 1.10. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average is $75.54 and its 200-day moving average is $74.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. Canadian Pacific Kansas City’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is currently 20.43%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CP shares. Evercore cut their target price 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. Barclays set a $93.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, National Bank Financial lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Company 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.