Canadian Pacific Kansas City Limited $CP Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12,903.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 874,710 shares of the transportation company’s stock after acquiring an additional 867,983 shares during the period. Vontobel Holding Ltd.’s holdings in Canadian Pacific Kansas City were worth $75,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC boosted its holdings in Canadian Pacific Kansas City by 3.7% during the 2nd quarter. Jennison Associates LLC now owns 17,966 shares of the transportation company’s stock valued at $1,557,000 after acquiring an additional 647 shares during the period. Hudson Value Partners LLC grew its position in Canadian Pacific Kansas City by 3.4% in the 2nd quarter. Hudson Value Partners LLC now owns 50,029 shares of the transportation company’s stock valued at $4,336,000 after acquiring an additional 1,639 shares in the last quarter. Cardinal Capital Management Inc. increased its stake in Canadian Pacific Kansas City by 1.9% during the second quarter. Cardinal Capital Management Inc. now owns 1,702,045 shares of the transportation company’s stock worth $147,274,000 after purchasing an additional 32,121 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Canadian Pacific Kansas City during the second quarter worth about $1,043,000. Finally, Tenzing Financial LLC acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $430,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CP. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Susquehanna boosted their price target on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Stephens raised Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $93.53 on Friday. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $94.66. The company has a market cap of $82.16 billion, a PE ratio of 30.08, a P/E/G ratio of 1.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The business has a 50-day simple moving average of $89.72 and a 200-day simple moving average of $85.41.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the company earned $1.12 earnings per share. The firm’s revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a $0.268 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is currently 25.08%.

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.