Lansforsakringar Fondforvaltning AB publ Buys 10,974 Shares of Canadian Pacific Kansas City Limited $CP

Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 204,091 shares of the transportation company’s stock after purchasing an additional 10,974 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Canadian Pacific Kansas City were worth $15,203,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 1.3% in the third quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock valued at $2,884,826,000 after buying an additional 510,633 shares in the last quarter. Invesco Ltd. grew its position in shares of Canadian Pacific Kansas City by 15.1% in the 2nd quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock valued at $1,549,210,000 after acquiring an additional 2,559,104 shares during the period. Mackenzie Financial Corp increased its stake in shares of Canadian Pacific Kansas City by 0.9% during the 2nd quarter. Mackenzie Financial Corp now owns 16,498,767 shares of the transportation company’s stock worth $1,311,512,000 after purchasing an additional 150,963 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 7,454,810 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Canadian Pacific Kansas City by 16.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,850,737 shares of the transportation company’s stock worth $1,018,952,000 after purchasing an additional 1,792,388 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.5%

CP stock opened at $85.14 on Monday. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $85.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The company’s 50-day simple moving average is $75.74 and its 200 day simple moving average is $74.71. The company has a market capitalization of $76.44 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (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 the consensus estimate of $2.85 billion. During the same period in the prior year, the firm earned $1.29 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate 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 dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is 20.43%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. National Bank Financial downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Company 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.