WCM Investment Management LLC Sells 222,618 Shares of Canadian Pacific Kansas City Limited $CP

WCM Investment Management LLC trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,084,320 shares of the transportation company’s stock after selling 222,618 shares during the quarter. Canadian Pacific Kansas City makes up approximately 2.8% of WCM Investment Management LLC’s investment portfolio, making the stock its 10th largest position. WCM Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,246,856,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Prosperity Bancshares Inc acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $29,000. McMillan Office Inc. purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $31,000. Wealth Watch Advisors INC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $36,000. Finally, Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth about $35,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 0.0%

NYSE CP opened at $93.70 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The firm has a market cap of $82.93 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.87 and a beta of 1.10. The firm has a 50 day simple moving average of $88.24 and a 200-day simple moving average of $82.83. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $93.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 EPS. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be paid a $0.268 dividend. The ex-dividend date is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is 24.07%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Sanford C. Bernstein increased their price target on 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. Wells Fargo & Company lifted their price objective on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, June 24th. Finally, Susquehanna upped their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.91.

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.