Fisher Funds Management LTD Trims Stake in Canadian Pacific Kansas City Limited $CP

Fisher Funds Management LTD decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 28.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 362,901 shares of the transportation company’s stock after selling 145,669 shares during the period. Fisher Funds Management LTD’s holdings in Canadian Pacific Kansas City were worth $26,757,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BCS Private Wealth Management Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $256,000. Assetmark Inc. grew its stake in shares of Canadian Pacific Kansas City by 255.1% in the 4th quarter. Assetmark Inc. now owns 1,193 shares of the transportation company’s stock worth $88,000 after buying an additional 857 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $1,769,000. Choreo LLC grew its stake in shares of Canadian Pacific Kansas City by 9.1% in the 4th quarter. Choreo LLC now owns 27,924 shares of the transportation company’s stock worth $2,074,000 after buying an additional 2,338 shares during the last quarter. Finally, Fortune Financial Advisors LLC grew its stake 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 worth $1,003,000 after buying an additional 158 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 several recent research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Sanford C. Bernstein upped their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Barclays cut their price target on Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, March 27th. Citigroup upped their price target on 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. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.80.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $80.11 on Friday. The stock has a market capitalization of $71.48 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $89.42. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $82.19 and its 200 day simple moving average is $76.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (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 the consensus estimate 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 was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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. Investors 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 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is 20.74%.

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.