Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Aberdeen Group plc

Aberdeen Group plc lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 18.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 891,895 shares of the transportation company’s stock after selling 205,719 shares during the quarter. Aberdeen Group plc owned approximately 0.10% of Canadian Pacific Kansas City worth $62,361,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Fox Run Management L.L.C. acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $570,000. Kovitz Investment Group Partners LLC raised its stake in Canadian Pacific Kansas City by 6.4% during the first quarter. Kovitz Investment Group Partners LLC now owns 14,970 shares of the transportation company’s stock worth $1,051,000 after acquiring an additional 904 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in Canadian Pacific Kansas City by 41.8% during the first quarter. Vestmark Advisory Solutions Inc. now owns 32,183 shares of the transportation company’s stock worth $2,260,000 after acquiring an additional 9,482 shares during the period. Boston Partners acquired a new stake in Canadian Pacific Kansas City during the first quarter worth about $2,128,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Canadian Pacific Kansas City during the first quarter worth about $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $74.12 on Friday. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The stock has a market cap of $67.72 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06. The company has a 50-day moving average price of $78.45 and a two-hundred day moving average price of $76.75.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the company posted $1.05 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a $0.1651 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is 20.56%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CP shares. Bank of America increased their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Evercore ISI dropped their price objective on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Royal Bank Of Canada dropped their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Finally, Susquehanna reiterated a “positive” rating and set a $94.00 price objective (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.30.

Canadian Pacific Kansas City Company 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.