WCM Investment Management LLC has recently announced that it has increased stake in Canadian Pacific Kansas City Limited (NYSE:CP) by 21.80%. After grabbing 38.1 million shares, the institutional investor is now in possession of 6.82 million shares of the Industrials Company. The new investment brought the stake of investor firm to 4.09% having worth around $2.74 billion. Moreover, Fidelity Management & Research Co increased its share by 0.41 million to have a control over 28.07 million shares. And 1832 Asset Management LP raised its holdings to 23036.0 shares by acquiring 24.42 million shares or 2.62% of the stake.
Canadian Pacific Kansas City Limited (CP) concluded trading on 01/10/24 at a closing price of $78.91, with 4.51 million shares of worth about $355.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.60% during that period and on Wednesday the price saw a gain of about 0.55%. Currently the company’s common shares owned by public are about 931.79M shares, out of which, 931.56M shares are available for trading.
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Government Pension Fund – Global, Pershing Square Holdings Ltd., and Vanguard Total International Stoc are the top 3 mutual funds which are holding stakes in Canadian Pacific Kansas City Limited Government Pension Fund – Global is currently holding 15.01 million shares of worth totaling $1.08 billion. The company recently came buying 5.88 million shares which brought its stake up to 1.61% of the company’s outstanding shares. Vanguard Total International Stoc, after buying 12.6 million shares, have now control over 1.35% of the stake in the company. It holds 0.1 million shares of worth $907.22 million.
Canadian Pacific Kansas City Limited (NYSE: CP) started trading at $78.29, below -$0.19 from concluding price of the previous day. However, the stock later moved at a day high price of 79.65, or with a gain of 0.55%. Stock saw a price change of 0.06% in past 5 days and over the past one month there was a price change of 8.26%. Year-to-date (YTD), CP shares are showing a performance of -0.19% which increased to 1.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $68.92 but also hit the highest price of $85.40 during that period. The average intraday trading volume for Canadian Pacific Kansas City Limited shares is 2.50 million. The stock is currently trading 1.49% above its 20-day simple moving average (SMA20), while that difference is up 6.11% for SMA50 and it goes to 2.26% higher than SMA200.
WCM Investment Management LLC acquired 38.1 million shares of Canadian Pacific Kansas City Limited having value of about $2.74 billion. Data submitted at the U.S SEC by WCM Investment Management LLC revealed that the firm now holds 6.82 million shares in the company valued at close to $538111357.55, or have control over 21.80% stake in the company. Canadian Pacific Kansas City Limited (NYSE: CP) currently have 931.79M outstanding shares and institutions hold larger chunk of about 77.03% of that. Holding of mutual funds in the company is about 35.57% while other institutional holders and individual stake holders have control over 42.84% and — of the stake respectively.
The stock has a current market capitalization of $73.53B and its 3Y-monthly beta is at 0.94. PE ratio of stock for trailing 12 months is 23.80, while it has posted earnings per share of $3.32 in the same period. Its PEG reads 2.05 and has Quick Ratio of 0.61 while making debt-to-equity ratio of 0.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CP, volatility over the week remained 1.77% while standing at 1.62% over the month.
Analysts are in expectations that Canadian Pacific Kansas City Limited (CP) stock would likely to be making an EPS of $0.85 in the current quarter, while forecast for next quarter EPS is $0.77 and it is $3.34 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.76 which is $1.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.81 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.06% while it is estimated to increase by 17.45% in next year. EPS is likely to grow at an annualized rate of 11.59% for next 5-years, compared to annual growth of 2.72% made by the stock over the past 5-years.
Analysts at 32 brokerage firms have issued recommendations for the Canadian Pacific Kansas City Limited (CP)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.81. Out of those 32 Wall Street analysts, 18 recommended a “Buy” rating, while 12 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
