Madison Asset Management LLC Takes Position in Canadian Pacific Kansas City Limited $CP

Madison Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, Holdings Channel reports. The institutional investor bought 26,311 shares of the transportation company’s stock, valued at approximately $2,280,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Prosperity Bancshares Inc acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $29,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $31,000. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter valued at about $35,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $36,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on CP shares. Susquehanna raised their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Citigroup upped their price target on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Finally, Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Stock Up 0.6%

Canadian Pacific Kansas City stock opened at $94.96 on Friday. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $95.99. The firm has a market capitalization of $83.41 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. The firm’s fifty day moving average price is $90.07 and its two-hundred day moving average price is $86.08. 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 (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 earnings per share. On average, equities research analysts predict 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 business 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 dividend of $0.268 per share. 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 payout ratio is 25.08%.

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.