Meixler Investment Management Ltd. Makes New Investment in Canadian Pacific Kansas City Limited $CP

Meixler Investment Management Ltd. acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 22,076 shares of the transportation company’s stock, valued at approximately $1,644,000. Canadian Pacific Kansas City accounts for 1.0% of Meixler Investment Management Ltd.’s holdings, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $1,012,065,000. JPMorgan Chase & Co. increased its holdings in shares of Canadian Pacific Kansas City by 87.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock valued at $1,268,325,000 after acquiring an additional 7,454,810 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Canadian Pacific Kansas City by 281.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company’s stock worth $430,540,000 after acquiring an additional 4,005,942 shares in the last quarter. Franklin Resources Inc. lifted its stake in Canadian Pacific Kansas City by 31.3% during the second quarter. Franklin Resources Inc. now owns 11,611,625 shares of the transportation company’s stock worth $921,881,000 after purchasing an additional 2,765,424 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Canadian Pacific Kansas City by 15.1% during the second quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock worth $1,549,210,000 after purchasing an additional 2,559,104 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 1.8%

CP stock opened at $80.50 on Monday. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The company has a market cap of $72.26 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. The company has a fifty day moving average price of $73.77 and a 200 day moving average price of $74.12.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the company posted $1.29 earnings per share. Canadian Pacific Kansas City’s quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a $0.228 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 20.43%.

Analysts Set New Price Targets

Several brokerages have commented on CP. Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Natl Bk Canada downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

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.