Varma Mutual Pension Insurance Co Grows Stock Holdings in Canadian Pacific Kansas City Limited $CP

Varma Mutual Pension Insurance Co increased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 31.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 212,709 shares of the transportation company’s stock after buying an additional 50,800 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Canadian Pacific Kansas City were worth $15,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Frank Rimerman Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 0.8% in the second quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after acquiring an additional 139 shares in the last quarter. Accretive Wealth Partners LLC lifted its holdings in Canadian Pacific Kansas City by 1.3% in the 2nd quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock worth $936,000 after purchasing an additional 157 shares in the last quarter. Assetmark Inc. boosted its stake in Canadian Pacific Kansas City by 28.5% in the 2nd quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock worth $68,000 after purchasing an additional 191 shares during the period. Signaturefd LLC grew its holdings in Canadian Pacific Kansas City by 1.0% during the 3rd quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock valued at $1,507,000 after buying an additional 207 shares in the last quarter. Finally, Brookstone Capital Management raised its position in shares of Canadian Pacific Kansas City by 1.4% during the second quarter. Brookstone Capital Management now owns 14,760 shares of the transportation company’s stock valued at $1,170,000 after buying an additional 209 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Citigroup cut their price objective on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Barclays set a $93.00 price target on Canadian Pacific Kansas City in a report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Trading Down 0.2%

Shares of CP stock opened at $83.63 on Friday. The company has a market cap of $75.07 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The stock’s 50 day simple moving average is $74.57 and its two-hundred day simple moving average is $74.33. 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 released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 EPS. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 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, April 27th. Investors of record on Friday, March 27th will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.43%.

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.