Daiwa Securities Group Inc. Has $7.02 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Daiwa Securities Group Inc. lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,355 shares of the transportation company’s stock after buying an additional 10,570 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Canadian Pacific Kansas City were worth $7,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CP. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $35,000. Wealth Watch Advisors INC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $36,000. Aventura Private Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $37,000. McIlrath & Eck LLC lifted its holdings in shares of Canadian Pacific Kansas City by 475.3% during the fourth quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after buying an additional 423 shares in the last quarter. Finally, Albion Financial Group UT lifted its holdings in shares of Canadian Pacific Kansas City by 451.7% during the fourth quarter. Albion Financial Group UT now owns 640 shares of the transportation company’s stock worth $47,000 after buying an additional 524 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CP. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Sanford C. Bernstein raised their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Finally, Citigroup raised their price target on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.63.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $90.07 on Monday. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $91.50. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $84.36 and its two-hundred day moving average price is $79.54. The stock has a market cap of $79.91 billion, a PE ratio of 27.80, a P/E/G ratio of 1.92 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. The business’s revenue was down 2.5% on a year-over-year basis. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a $0.268 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.

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.