Canadian Pacific Kansas City Limited $CP Shares Acquired by Fayez Sarofim & Co

Fayez Sarofim & Co boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.0% in the 3rd quarter, Holdings Channel reports. The firm owned 4,822,202 shares of the transportation company’s stock after purchasing an additional 92,424 shares during the period. Fayez Sarofim & Co’s holdings in Canadian Pacific Kansas City were worth $363,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth $27,000. Caldwell Trust Co acquired a new position in Canadian Pacific Kansas City in the third quarter valued at $30,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at about $35,000. Cornerstone Planning Group LLC raised its holdings in shares of Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after buying an additional 335 shares during the last quarter. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.2%

Shares of Canadian Pacific Kansas City stock opened at $81.33 on Monday. The firm has a market cap of $73.03 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.05. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $89.42. The company’s 50-day simple moving average is $79.02 and its 200-day simple moving average is $75.81. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced 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). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the business earned $1.29 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is 20.43%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CP. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a research note on Thursday, January 29th. Citigroup lowered their target price on 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. National Bank Financial lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.