196,009 Shares in Canadian Pacific Kansas City Limited $CP Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 196,009 shares of the transportation company’s stock, valued at approximately $16,988,000.

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Canadian Imperial Bank of Commerce lifted their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Susquehanna boosted their price objective 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. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $96.81 on Friday. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The stock has a market cap of $85.04 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. The firm’s fifty day moving average price is $90.21 and its 200-day moving average price is $86.16.

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

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be given a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.

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.