Northwestern Mutual Wealth Management Co. Buys 1,017,464 Shares of Canadian Pacific Kansas City Limited $CP

Northwestern Mutual Wealth Management Co. raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1,840.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,072,760 shares of the transportation company’s stock after acquiring an additional 1,017,464 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Canadian Pacific Kansas City were worth $78,987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CP. Invesco Ltd. lifted its position in Canadian Pacific Kansas City by 18.3% in the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after purchasing an additional 3,585,030 shares during the last quarter. Lazard Asset Management LLC lifted its position in Canadian Pacific Kansas City by 281.2% in the third quarter. Lazard Asset Management LLC now owns 1,379,393 shares of the transportation company’s stock valued at $102,711,000 after purchasing an additional 1,017,576 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Canadian Pacific Kansas City by 818,578.8% during the third quarter. BNP Paribas Financial Markets now owns 925,107 shares of the transportation company’s stock valued at $68,911,000 after buying an additional 924,994 shares during the period. QV Investors Inc. purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $53,667,000. Finally, CIBC Asset Management Inc increased its stake in shares of Canadian Pacific Kansas City by 9.1% during the third quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company’s stock valued at $623,937,000 after buying an additional 698,705 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $85.10 on Monday. The stock has a market cap of $75.55 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.82 and a beta of 1.09. The business’s fifty day moving average is $82.24 and its 200 day moving average is $77.74. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $89.42. 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 quarterly 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 firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the company earned $1.06 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% on a year-over-year basis. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be issued a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.3%. 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 is presently 24.07%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CP shares. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Sunday. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Sanford C. Bernstein boosted their target price on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Citigroup boosted their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Evercore reduced their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.89.

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.