Sanctuary Advisors LLC Makes New $3.23 Million Investment in Canadian Pacific Kansas City Limited $CP

Sanctuary Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 37,227 shares of the transportation company’s stock, valued at approximately $3,226,000.

Several other institutional investors have also recently added to or reduced their stakes in CP. Norges Bank bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $978,558,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at $802,983,000. Janus Henderson Group PLC grew its position in shares of Canadian Pacific Kansas City by 586.1% during the fourth quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock worth $452,781,000 after acquiring an additional 5,251,755 shares during the last quarter. FIL Ltd grew its position in shares of Canadian Pacific Kansas City by 20.2% during the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after acquiring an additional 2,804,686 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Canadian Pacific Kansas City by 5,826.3% in the 1st quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company’s stock worth $199,605,000 after acquiring an additional 2,502,104 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $94.45 on Wednesday. The stock has a market cap of $82.97 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.85 and a beta of 1.10. The firm’s 50-day simple moving average is $90.42 and its 200 day simple moving average is $86.47. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. 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 (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. Canadian Pacific Kansas City’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on CP shares. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Finally, Weiss Ratings upgraded Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

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.