Markel Group Inc. Purchases 9,000 Shares of Canadian Pacific Kansas City Limited $CP

Markel Group Inc. increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.8% in the first quarter, Holdings Channel reports. The fund owned 59,500 shares of the transportation company’s stock after purchasing an additional 9,000 shares during the quarter. Markel Group Inc.’s holdings in Canadian Pacific Kansas City were worth $4,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CP. Intech Investment Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares in the last quarter. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the first quarter worth approximately $35,000. Sivia Capital Partners LLC bought a new position in Canadian Pacific Kansas City in the second quarter worth approximately $206,000. Prudential Financial Inc. lifted its holdings in Canadian Pacific Kansas City by 8.7% during the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after buying an additional 415 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after buying an additional 369 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CP. Susquehanna reiterated a “positive” rating and issued a $104.00 price target on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, June 24th. Evercore set a $91.00 price objective on Canadian Pacific Kansas City and gave the company an “outperform” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Finally, ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.73.

Canadian Pacific Kansas City Stock Down 0.2%

Shares of CP traded down $0.16 during midday trading on Friday, hitting $90.17. 1,723,776 shares of the company’s stock traded hands, compared to its average volume of 2,433,652. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $79.80 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $91.52. The firm’s fifty day moving average is $87.60 and its 200-day moving average is $82.16.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.71 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. Stockholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is currently 24.07%.

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.