Groupama Asset Managment Grows Holdings in Canadian Pacific Kansas City Limited $CP

Groupama Asset Managment boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 124.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 123,381 shares of the transportation company’s stock after acquiring an additional 68,333 shares during the period. Groupama Asset Managment’s holdings in Canadian Pacific Kansas City were worth $9,085,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CP. Prosperity Bancshares Inc purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $29,000. McMillan Office Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $31,000. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. Finally, Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CP shares. Citigroup lifted their price objective on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. Susquehanna reaffirmed a “positive” rating and set a $104.00 price target on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Finally, ATB Cormark Capital Markets cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.40.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of NYSE:CP opened at $86.06 on Friday. The stock has a market capitalization of $76.35 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.52. The company’s fifty day moving average is $86.18 and its two-hundred day moving average is $80.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 earnings per share. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a $0.268 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is 20.68%.

About Canadian Pacific Kansas City

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.