Alamea Verwaltungs GmbH Invests $883,000 in Canadian Pacific Kansas City Limited $CP

Alamea Verwaltungs GmbH acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 4th quarter, HoldingsChannel reports. The firm acquired 11,883 shares of the transportation company’s stock, valued at approximately $883,000. Canadian Pacific Kansas City accounts for about 0.6% of Alamea Verwaltungs GmbH’s holdings, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kestra Advisory Services LLC raised its stake in shares of Canadian Pacific Kansas City by 126.7% in the fourth quarter. Kestra Advisory Services LLC now owns 33,028 shares of the transportation company’s stock worth $2,432,000 after purchasing an additional 18,457 shares during the last quarter. Meixler Investment Management Ltd. raised its stake in shares of Canadian Pacific Kansas City by 25.0% in the fourth quarter. Meixler Investment Management Ltd. now owns 27,599 shares of the transportation company’s stock worth $2,032,000 after purchasing an additional 5,523 shares during the last quarter. Williams Jones Wealth Management LLC. raised its stake in shares of Canadian Pacific Kansas City by 30.9% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 129,125 shares of the transportation company’s stock worth $9,507,000 after purchasing an additional 30,466 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Canadian Pacific Kansas City by 0.5% in the fourth quarter. UMB Bank n.a. now owns 112,109 shares of the transportation company’s stock worth $8,255,000 after purchasing an additional 576 shares during the last quarter. Finally, PCM Encore LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $267,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $89.99 on Friday. The stock has a fifty day simple moving average of $85.52 and a two-hundred day simple moving average of $80.18. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.50. The firm has a market cap of $79.84 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data 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 net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the company posted $1.06 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is 20.68%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CP. Susquehanna reissued a “positive” rating and issued a $104.00 price objective on shares of Canadian Pacific Kansas City in a research note on Friday, June 5th. Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Sanford C. Bernstein increased their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada decreased their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Finally, National Bank Financial raised 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 three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.22.

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.