W1M Asset Management Ltd Buys Shares of 683,953 Canadian Pacific Kansas City Limited $CP

W1M Asset Management Ltd purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, Holdings Channel reports. The firm purchased 683,953 shares of the transportation company’s stock, valued at approximately $59,241,000.

A number of other large investors have also made changes to their positions in the stock. Varma Mutual Pension Insurance Co acquired a new stake in Canadian Pacific Kansas City during the second quarter worth approximately $16,988,000. Korea Investment CORP acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $25,962,000. EP Wealth Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at about $867,000. Ieq Capital LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $1,373,000. Finally, Callan Family Office LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter worth approximately $2,327,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 2.1%

NYSE:CP opened at $96.81 on Friday. The stock has a fifty day simple moving average of $90.21 and a 200 day simple moving average of $86.16. The firm has a market capitalization of $85.04 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is 25.08%.

Analyst Ratings Changes

Several equities analysts recently commented on CP shares. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Wells Fargo & Company boosted their price objective on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

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.