Canadian Pacific Kansas City Limited $CP Shares Acquired by Korea Investment CORP

Korea Investment CORP lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 650,877 shares of the transportation company’s stock after purchasing an additional 41,233 shares during the period. Korea Investment CORP’s holdings in Canadian Pacific Kansas City were worth $48,486,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CP. Frank Rimerman Advisors LLC increased its stake in Canadian Pacific Kansas City by 0.8% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock worth $1,399,000 after buying an additional 139 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Canadian Pacific Kansas City by 28.5% during the second quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 191 shares during the last quarter. Signaturefd LLC lifted its position in shares of Canadian Pacific Kansas City by 1.0% in the third quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock valued at $1,507,000 after acquiring an additional 207 shares in the last quarter. Savant Capital LLC lifted its position in shares of Canadian Pacific Kansas City by 0.7% in the third quarter. Savant Capital LLC now owns 30,499 shares of the transportation company’s stock valued at $2,272,000 after acquiring an additional 220 shares in the last quarter. Finally, Pacifica Partners Inc. boosted its stake in shares of Canadian Pacific Kansas City by 12.0% in the third quarter. Pacifica Partners Inc. now owns 2,155 shares of the transportation company’s stock worth $161,000 after acquiring an additional 231 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Evercore lowered their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Trading Down 2.7%

CP opened at $82.93 on Monday. The stock has a market capitalization of $74.47 billion, a PE ratio of 25.67, a P/E/G ratio of 1.78 and a beta of 1.06. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $89.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. The business’s 50 day moving average price is $78.17 and its 200 day moving average price is $75.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the business earned $1.29 EPS. Canadian Pacific Kansas City’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

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

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.