Purpose Unlimited Inc. Buys New Holdings in Canadian Pacific Kansas City Limited $CP

Purpose Unlimited Inc. bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,045 shares of the transportation company’s stock, valued at approximately $1,403,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rothschild & Co Wealth Management UK Ltd increased its position in Canadian Pacific Kansas City by 0.9% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after purchasing an additional 48,258 shares in the last quarter. Thornburg Investment Management Inc. raised its holdings in Canadian Pacific Kansas City by 12.2% in the third quarter. Thornburg Investment Management Inc. now owns 2,295,096 shares of the transportation company’s stock valued at $170,962,000 after buying an additional 250,341 shares during the period. Cardinal Capital Management Inc. lifted its position in Canadian Pacific Kansas City by 3.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock valued at $114,094,000 after buying an additional 55,423 shares in the last quarter. Mirabella Financial Services LLP lifted its position in Canadian Pacific Kansas City by 364.7% during the third quarter. Mirabella Financial Services LLP now owns 19,946 shares of the transportation company’s stock valued at $1,483,000 after buying an additional 15,654 shares in the last quarter. Finally, Rathbones Group PLC grew its stake in Canadian Pacific Kansas City by 5.9% during the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock worth $127,342,000 after buying an additional 95,727 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CP. ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada lowered their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $86.06 on Friday. The stock’s 50 day moving average price is $86.26 and its 200 day moving average price is $80.73. The firm has a market capitalization of $76.17 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09. 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 Limited has a one year low of $68.42 and a one year high of $91.52.

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

Canadian Pacific Kansas City Increases Dividend

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