12,744 Shares of Canadian Pacific Kansas City Limited $CP Purchased by Formuepleje A S

Formuepleje A S bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 12,744 shares of the transportation company’s stock, valued at approximately $1,085,000.

Several other large investors also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $802,983,000. The Manufacturers Life Insurance Company acquired a new position in shares of Canadian Pacific Kansas City in the second quarter valued at about $657,672,000. Legal & General Group Plc bought a new position in Canadian Pacific Kansas City during the second quarter worth about $604,797,000. Jupiter Topco LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter worth about $576,687,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Canadian Pacific Kansas City during the second quarter worth approximately $542,469,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Up 0.4%

CP traded up $0.32 during midday trading on Thursday, hitting $86.44. 586,618 shares of the company were exchanged, compared to its average volume of 2,659,425. The firm has a market capitalization of $75.63 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.80 and a beta of 1.13. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90. The firm’s 50 day moving average price is $89.72 and its 200-day moving average price is $87.79. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 EPS. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.70 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a C$0.27 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 24.76%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CP. Canadian Imperial Bank of Commerce increased their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th. Zacks Research raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, June 25th. Evercore set a $99.00 target price on Canadian Pacific Kansas City in a research note on Thursday, July 30th. Finally, Stephens raised Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.83.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.