Citigroup Inc. Has $28.85 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

Citigroup Inc. boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 61.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 387,270 shares of the transportation company’s stock after purchasing an additional 147,314 shares during the quarter. Citigroup Inc.’s holdings in Canadian Pacific Kansas City were worth $28,849,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $1,012,065,000. JPMorgan Chase & Co. increased its position in Canadian Pacific Kansas City by 87.2% during the second quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock worth $1,268,325,000 after acquiring an additional 7,454,810 shares during the period. Fisher Asset Management LLC raised its stake in 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 valued at $430,540,000 after purchasing an additional 4,005,942 shares during the last quarter. Franklin Resources Inc. raised its stake in Canadian Pacific Kansas City by 31.3% during the 2nd quarter. Franklin Resources Inc. now owns 11,611,625 shares of the transportation company’s stock valued at $921,881,000 after purchasing an additional 2,765,424 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in 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 purchasing an additional 2,559,104 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

CP has been the topic of several research reports. Citigroup dropped their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 30th. National Bank Financial downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a report on Thursday, October 30th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Stock Down 0.5%

NYSE CP opened at $85.89 on Thursday. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $86.55. The company has a market capitalization of $77.10 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 1.84 and a beta of 1.10. The stock’s 50 day moving average is $76.46 and its two-hundred day moving average is $74.93. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results 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). The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 earnings per share. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is currently 20.43%.

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.