Invesco Ltd. Has $1.73 Billion Position in Canadian Pacific Kansas City Limited $CP

Invesco Ltd. grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,431,949 shares of the transportation company’s stock after purchasing an additional 303,464 shares during the period. Invesco Ltd.’s holdings in Canadian Pacific Kansas City were worth $1,725,294,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $978,558,000. Janus Henderson Group PLC raised its holdings in Canadian Pacific Kansas City by 586.1% during the fourth quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock worth $452,781,000 after acquiring an additional 5,251,755 shares in the last quarter. FIL Ltd raised its holdings in Canadian Pacific Kansas City by 20.2% during the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after acquiring an additional 2,804,686 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Canadian Pacific Kansas City by 206.0% during the fourth quarter. BNP Paribas Financial Markets now owns 2,830,409 shares of the transportation company’s stock valued at $208,403,000 after purchasing an additional 1,905,302 shares during the last quarter. Finally, Cibc World Market Inc. boosted its position in Canadian Pacific Kansas City by 21.9% during the fourth quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock valued at $620,925,000 after purchasing an additional 1,517,323 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CP. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a research note on Tuesday. Susquehanna restated a “positive” rating and set a $104.00 target price on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. Sanford C. Bernstein upped their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Finally, Canadian Imperial Bank of Commerce set a $140.00 price target on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.40.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $86.06 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $91.52. The firm has a market capitalization of $76.35 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 1.83 and a beta of 1.09. The stock’s 50 day moving average price is $86.18 and its two-hundred day moving average price is $80.69. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.

About Canadian Pacific Kansas City

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.