First National Bank of Omaha Increases Holdings in Canadian Pacific Kansas City Limited $CP

First National Bank of Omaha increased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 57.5% during the 2nd quarter, Holdings Channel reports. The firm owned 112,691 shares of the transportation company’s stock after acquiring an additional 41,157 shares during the quarter. First National Bank of Omaha’s holdings in Canadian Pacific Kansas City were worth $9,788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Prosperity Bancshares Inc purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $29,000. McMillan Office Inc. bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $31,000. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at about $35,000. Finally, Wealth Watch Advisors INC purchased a new stake in Canadian Pacific Kansas City in the third quarter worth about $36,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CP. Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Citizens Jmp started coverage on shares of Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Finally, Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $93.75 on Wednesday. The business’s fifty day simple moving average is $89.86 and its 200-day simple moving average is $85.81. The company has a market cap of $82.34 billion, a PE ratio of 30.14, a PEG ratio of 1.83 and a beta of 1.10. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $94.66.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm earned $1.12 EPS. The business’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts expect that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

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