Canadian Pacific Kansas City Limited $CP Holdings Boosted by Barclays PLC

Barclays PLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,247,190 shares of the transportation company’s stock after acquiring an additional 75,798 shares during the period. Barclays PLC owned 0.36% of Canadian Pacific Kansas City worth $241,883,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CP. Twin Peaks Wealth Advisors LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter valued at approximately $27,000. Caldwell Trust Co bought a new position in Canadian Pacific Kansas City during the 3rd quarter worth $30,000. Cornerstone Planning Group LLC increased its position in Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after buying an additional 335 shares during the period. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at $35,000. Finally, SJS Investment Consulting Inc. bought a new stake in Canadian Pacific Kansas City in the third quarter valued at $39,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Evercore dropped their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Stock Down 2.7%

CP opened at $82.93 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. The company has a market capitalization of $74.47 billion, a PE ratio of 25.67, a P/E/G ratio of 1.83 and a beta of 1.06. The stock’s fifty day moving average is $78.17 and its 200-day moving average is $75.52. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. Canadian Pacific Kansas City’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is currently 20.43%.

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.