Deutsche Bank AG Grows Stock Position in Canadian Pacific Kansas City Limited $CP

Deutsche Bank AG grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,647,162 shares of the transportation company’s stock after purchasing an additional 94,673 shares during the period. Deutsche Bank AG’s holdings in Canadian Pacific Kansas City were worth $142,727,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Invesco Ltd. lifted its position in Canadian Pacific Kansas City by 1.3% in the fourth quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after buying an additional 303,464 shares during the last quarter. FIL Ltd raised its stake in shares of Canadian Pacific Kansas City by 20.2% in the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after acquiring an additional 2,804,686 shares during the period. Norges Bank acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $978,558,000. Geode Capital Management LLC boosted its position in shares of Canadian Pacific Kansas City by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after purchasing an additional 461,724 shares during the period. Finally, Cibc World Market Inc. boosted its position in shares of Canadian Pacific Kansas City by 21.9% during the 4th quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock worth $620,925,000 after purchasing an additional 1,517,323 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Susquehanna raised their price target on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a report on Tuesday, June 16th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Citizens Jmp assumed coverage on Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $94.53 on Thursday. The stock’s 50-day simple moving average is $89.96 and its 200-day simple moving average is $85.94. The firm has a market capitalization of $83.03 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $95.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a $0.268 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is presently 25.08%.

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.