K.J. Harrison & Partners Inc Acquires 51,759 Shares of Canadian Pacific Kansas City Limited $CP

K.J. Harrison & Partners Inc increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 86.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,366 shares of the transportation company’s stock after purchasing an additional 51,759 shares during the period. Canadian Pacific Kansas City makes up about 1.4% of K.J. Harrison & Partners Inc’s holdings, making the stock its 16th biggest holding. K.J. Harrison & Partners Inc’s holdings in Canadian Pacific Kansas City were worth $9,637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of Canadian Pacific Kansas City by 1.3% during 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 increased its holdings in shares of Canadian Pacific Kansas City by 20.2% in 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 during the period. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $978,558,000. Geode Capital Management LLC lifted its stake in shares of 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 acquiring an additional 461,724 shares during the last quarter. Finally, Cibc World Market Inc. boosted its holdings 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 during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $93.76 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a market cap of $82.36 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.83 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $94.66. The firm has a 50-day moving average of $89.79 and a 200-day moving average of $85.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion for 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%.Canadian Pacific Kansas City’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

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

Analyst Ratings Changes

CP has been the topic of several recent research reports. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Wells Fargo & Company raised their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Finally, Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

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.