Blair William & Co. IL Decreases Stake in Canadian Pacific Kansas City Limited $CP

Blair William & Co. IL cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,415 shares of the transportation company’s stock after selling 16,415 shares during the quarter. Blair William & Co. IL’s holdings in Canadian Pacific Kansas City were worth $4,947,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC raised its holdings in Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after acquiring an additional 2,940 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. Sivia Capital Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $206,000. Assetmark Inc. grew its position in shares of Canadian Pacific Kansas City by 28.5% in the second quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 191 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Canadian Pacific Kansas City by 2.7% in the second quarter. Savant Capital LLC now owns 30,279 shares of the transportation company’s stock valued at $2,400,000 after purchasing an additional 786 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the topic of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Evercore cut their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Barclays set a $93.00 price target on Canadian Pacific Kansas City in a report on Thursday, January 29th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Finally, Citigroup cut their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Price Performance

CP stock opened at $83.91 on Wednesday. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $89.42. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The stock has a market cap of $75.35 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06. The business has a fifty day moving average of $78.54 and a two-hundred day moving average of $75.67.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.43%.

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.