S&CO Inc. cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 32.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,000 shares of the transportation company’s stock after selling 6,600 shares during the period. S&CO Inc.’s holdings in Canadian Pacific Kansas City were worth $1,030,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Intech Investment Management LLC raised its position in shares of Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after buying an additional 2,940 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City during the first quarter valued at $35,000. Sivia Capital Partners LLC purchased a new position in Canadian Pacific Kansas City during the second quarter valued at $206,000. Prudential Financial Inc. increased its holdings in Canadian Pacific Kansas City by 8.7% in the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after acquiring an additional 415 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 369 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CP has been the subject of several research reports. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Barclays set a $99.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Citigroup increased their price target on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Sanford C. Bernstein upped their price objective on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $95.89.
Canadian Pacific Kansas City Stock Performance
Canadian Pacific Kansas City stock opened at $85.10 on Friday. The company’s 50-day moving average price is $82.24 and its 200-day moving average price is $77.72. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a market cap of $75.55 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.86 and a beta of 1.09. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $89.42.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business posted $1.06 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.
Canadian Pacific Kansas City Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a $0.268 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.3%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.
Canadian Pacific Kansas City Profile
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.
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