137,135 Shares in Canadian Pacific Kansas City Limited $CP Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 137,135 shares of the transportation company’s stock, valued at approximately $10,097,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hillsdale Investment Management Inc. grew its position in Canadian Pacific Kansas City by 21.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 154,946 shares of the transportation company’s stock worth $11,428,000 after acquiring an additional 27,060 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Canadian Pacific Kansas City by 17.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,126 shares of the transportation company’s stock worth $4,795,000 after acquiring an additional 9,830 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Canadian Pacific Kansas City by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock valued at $661,339,000 after buying an additional 461,724 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of Canadian Pacific Kansas City by 5.6% in the 4th quarter. King Luther Capital Management Corp now owns 13,455 shares of the transportation company’s stock valued at $991,000 after buying an additional 710 shares during the last quarter. Finally, Flputnam Investment Management Co. grew its position in shares of Canadian Pacific Kansas City by 21.3% in the 4th quarter. Flputnam Investment Management Co. now owns 4,894 shares of the transportation company’s stock valued at $360,000 after buying an additional 861 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.1%

Shares of Canadian Pacific Kansas City stock opened at $89.26 on Monday. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $91.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The stock’s 50-day moving average is $83.32 and its 200 day moving average is $78.89. The firm has a market cap of $79.19 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.91 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company earned $1.06 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.68%.

Wall Street Analyst Weigh In

CP has been the topic of a number of analyst reports. Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada reduced their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Citigroup upped their price target on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $95.89.

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.