WCM Investment Management LLC Grows Position in Canadian Pacific Kansas City Limited $CP

WCM Investment Management LLC boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 16,740,173 shares of the transportation company’s stock after acquiring an additional 9,760 shares during the period. Canadian Pacific Kansas City makes up 2.6% of WCM Investment Management LLC’s portfolio, making the stock its 12th largest holding. WCM Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,229,231,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CP. Norges Bank bought a new position in Canadian Pacific Kansas City during the second quarter valued at approximately $1,012,065,000. JPMorgan Chase & Co. grew its position in Canadian Pacific Kansas City by 87.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock worth $1,268,325,000 after purchasing an additional 7,454,810 shares during the period. Fisher Asset Management LLC raised its stake in Canadian Pacific Kansas City by 281.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company’s stock valued at $430,540,000 after buying an additional 4,005,942 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 31.3% during the 2nd quarter. Franklin Resources Inc. now owns 11,611,625 shares of the transportation company’s stock valued at $921,881,000 after buying an additional 2,765,424 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Canadian Pacific Kansas City by 15.1% during the 2nd quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock valued at $1,549,210,000 after buying an additional 2,559,104 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $75.04 on Tuesday. The company has a market capitalization of $67.36 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.57 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65. The firm’s 50 day simple moving average is $73.23 and its two-hundred day simple moving average is $74.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 EPS. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 20.43%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CP shares. Citigroup cut their price objective on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Natl Bk Canada cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Evercore ISI dropped their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Finally, Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

About Canadian Pacific Kansas City

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.