CP Canadian Pacific Railway Ltd

Marathon Asset Management Ltd decreased its stake in Canadian Pacific Kansas City (NYSE:CP) by 5.6% during the third quarter, reducing its holdings to 561,968 shares valued at $41.95 million. Despite this, CPKC recently increased its quarterly dividend to $0.228, payable in January. The company's Q3 results missed analyst expectations for EPS and revenue, yet analysts maintain a "Moderate Buy" consensus rating with a target price of $91.69.

Covea Finance increased its stake in Canadian Pacific Kansas City Limited by 87.9%, purchasing an additional 46,740 shares, bringing their total holdings to 99,934 shares valued at $7.44 million. Analysts currently rate CPKC as a "Moderate Buy" with a consensus price target of $91.69, despite the company recently missing earnings and revenue estimates. Canadian Pacific Kansas City also raised its quarterly dividend to $0.228 per share, representing an annualized dividend of $0.91 and a yield of approximately 1.2%.

Canadian Pacific Kansas City Ltd. (CPKC) and Canadian National Railway Co. (CN Rail) are raising concerns about a proposed U.S. rail merger between Union Pacific and Norfolk Southern, which aims to create the country's first coast-to-coast freight railway. Both Canadian companies warn that the merger poses extraordinary risks to competition, customers, workers, and supply chains, potentially leading to reduced rail transportation options and significant control over the U.S. freight rail market. Despite the applicants' claims of streamlining service and protecting jobs, some unions and industry players oppose the US$85-billion deal due to its potential to trigger further mergers and grant the combined entity control over 40% of American freight.

Canadian Pacific Kansas City Ltd. and Canadian National Railway Co. are expressing concerns about a proposed merger between Union Pacific and Norfolk Southern, which aims to create the first coast-to-coast freight railway in the U.S. CPKC warns that this merger would "radically" change the North American rail network and pose "extraordinary" risks to customers, workers, and supply chains. CN Rail adds that the deal would reduce rail transportation options and create a single entity controlling over 40% of the U.S. freight rail market.

Canadian Pacific Kansas City Ltd. and Canadian National Railway Co. are expressing concerns about a proposed merger between Union Pacific and Norfolk Southern, which aims to create the first coast-to-coast freight railway in the U.S. CPKC warns that this merger would "radically" alter America's rail network and generate "extraordinary" risks for customers, workers, and supply chains. CN Rail adds that the deal would reduce options for rail transportation and create a single entity controlling over 40% of the U.S. freight rail market.

Canadian Pacific Kansas City (CPKC) has released a statement regarding the merger application filed by Union Pacific (UP) and Norfolk Southern (NS) with the Surface Transportation Board (STB) on December 19, 2025. CPKC will be thoroughly reviewing the lengthy application to determine if it complies with the Board's 2001 Major Merger Rules and if the proposal is consistent with the public interest, noting that the STB's decision on whether to accept the application is expected by January 18, 2026. CPKC believes the proposed merger poses significant risks to customers, rail employees, and supply chains, and encourages all stakeholders to actively participate in the STB's review process.