Natural Investments LLC Sells 11,048 Shares of Canadian Pacific Kansas City Limited $CP

Natural Investments LLC lowered its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 76.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,394 shares of the transportation company’s stock after selling 11,048 shares during the period. Natural Investments LLC’s holdings in Canadian Pacific Kansas City were worth $294,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $978,558,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Canadian Pacific Kansas City during the second quarter worth $802,983,000. The Manufacturers Life Insurance Company acquired a new stake in Canadian Pacific Kansas City in the second quarter worth $657,672,000. Legal & General Group Plc acquired a new stake in Canadian Pacific Kansas City in the second quarter worth $604,797,000. Finally, Jupiter Topco LLC acquired a new stake in Canadian Pacific Kansas City in the second quarter worth $576,687,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $89.56 on Thursday. The firm has a 50-day moving average of $91.23 and a 200-day moving average of $86.91. The company has a market cap of $78.66 billion, a P/E ratio of 28.80, a P/E/G ratio of 1.85 and a beta of 1.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the firm earned $1.12 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 25.08%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CP shares. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Susquehanna raised their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Canadian Imperial Bank of Commerce boosted their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research report on Thursday, June 25th. Citigroup upped their price target on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Evercore set a $99.00 price target on Canadian Pacific Kansas City in a report on Thursday, July 30th. One 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. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

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.