United Services Automobile Association Has $2.72 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

United Services Automobile Association lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,532 shares of the transportation company’s stock after acquiring an additional 1,070 shares during the period. United Services Automobile Association’s holdings in Canadian Pacific Kansas City were worth $2,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CP. Vanguard Group Inc. boosted its position in shares of Canadian Pacific Kansas City by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock worth $3,079,474,000 after purchasing an additional 588,701 shares in the last quarter. TD Asset Management Inc raised its stake in Canadian Pacific Kansas City by 2.5% during the 1st quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company’s stock worth $1,915,196,000 after buying an additional 532,303 shares during the period. Veritas Asset Management LLP boosted its holdings in Canadian Pacific Kansas City by 1.8% in the fourth quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock worth $1,062,148,000 after acquiring an additional 243,210 shares in the last quarter. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $979,890,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Canadian Pacific Kansas City by 4.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock worth $948,585,000 after purchasing an additional 507,177 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Up 2.2 %

CP opened at $84.65 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The business’s fifty day simple moving average is $81.17 and its 200 day simple moving average is $82.49. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a market cap of $79.00 billion, a PE ratio of 27.13, a P/E/G ratio of 2.35 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.1 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is presently 17.95%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Sanford C. Bernstein lifted their price target on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th. Barclays decreased their target price on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Wells Fargo & Company began coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target on the stock. Stifel Nicolaus increased their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group cut their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.36.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.