Eagle Global Advisors LLC Lowers Stock Position in Canadian Pacific Kansas City Limited $CP

Eagle Global Advisors LLC lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,109 shares of the transportation company’s stock after selling 7,895 shares during the quarter. Eagle Global Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $8,696,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Canadian Pacific Kansas City by 1.3% during the third quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock worth $2,884,826,000 after buying an additional 510,633 shares during the period. Invesco Ltd. boosted its stake in Canadian Pacific Kansas City by 18.3% during the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after buying an additional 3,585,030 shares during the period. CIBC Asset Management Inc boosted its stake in Canadian Pacific Kansas City by 9.1% during the third quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company’s stock worth $623,937,000 after buying an additional 698,705 shares during the period. Legal & General Group Plc boosted its stake in Canadian Pacific Kansas City by 6.1% during the third quarter. Legal & General Group Plc now owns 7,193,408 shares of the transportation company’s stock worth $535,836,000 after buying an additional 413,042 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Canadian Pacific Kansas City by 3.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,021,956 shares of the transportation company’s stock worth $450,623,000 after buying an additional 187,066 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.9%

NYSE CP opened at $82.46 on Wednesday. The firm has a 50 day simple moving average of $82.21 and a 200-day simple moving average of $76.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $89.42. The firm has a market cap of $73.58 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.76 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the business posted $1.29 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.74%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CP. Citigroup increased their target price on shares of Canadian Pacific Kansas City from $86.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Barclays lowered their target price on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, March 27th. ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Finally, Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.80.

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.