Canadian Pacific Kansas City Limited $CP Shares Bought by Amundi

Amundi increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 21.7% during the second quarter, Holdings Channel reports. The firm owned 1,659,577 shares of the transportation company’s stock after purchasing an additional 295,588 shares during the period. Amundi’s holdings in Canadian Pacific Kansas City were worth $135,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new position in Canadian Pacific Kansas City in the second quarter worth approximately $27,000. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth $35,000. Chilton Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth $49,000. WPG Advisers LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $50,000. Finally, LRI Investments LLC lifted its holdings in shares of Canadian Pacific Kansas City by 42.1% during the second quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 213 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.4%

CP stock opened at $73.66 on Monday. The company has a 50 day moving average of $73.35 and a two-hundred day moving average of $76.21. The company has a market cap of $66.09 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 1.87 and a beta of 1.11. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.12%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CP. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Susquehanna set a $87.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Evercore ISI cut their target price on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.69.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.