Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 80.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the transportation company’s stock after selling 20,650 shares during the quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Canadian Pacific Kansas City were worth $369,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of CP. Cromwell Holdings LLC boosted its holdings in shares of Canadian Pacific Kansas City by 8.1% in the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 145 shares during the last quarter. Fortune Financial Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after acquiring an additional 158 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after acquiring an additional 176 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 15.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,518 shares of the transportation company’s stock valued at $112,000 after acquiring an additional 202 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of Canadian Pacific Kansas City by 3.1% in the 3rd quarter. Advisory Services Network LLC now owns 6,764 shares of the transportation company’s stock valued at $504,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on CP shares. 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. Scotiabank downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Susquehanna reaffirmed a “positive” rating and issued a $104.00 price objective on shares of Canadian Pacific Kansas City in a report on Friday. Sanford C. Bernstein upped their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada dropped their price objective on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $98.63.
Canadian Pacific Kansas City Stock Performance
Shares of NYSE CP opened at $90.07 on Friday. The company’s fifty day moving average price is $84.36 and its 200 day moving average price is $79.48. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $91.50. The company has a market capitalization of $79.91 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67.
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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the company posted $1.06 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.
Canadian Pacific Kansas City Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is currently 20.68%.
Canadian Pacific Kansas City Company 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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