S&CO Inc. Decreases Stock Holdings in Canadian Pacific Kansas City Limited $CP

S&CO Inc. lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 32.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,000 shares of the transportation company’s stock after selling 6,600 shares during the period. S&CO Inc.’s holdings in Canadian Pacific Kansas City were worth $1,030,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $35,000. Cornerstone Planning Group LLC boosted its holdings in Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the last quarter. Wealth Watch Advisors INC bought a new stake in Canadian Pacific Kansas City in the 3rd quarter worth approximately $36,000. Aventura Private Wealth LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $37,000. Finally, McIlrath & Eck LLC raised its stake in Canadian Pacific Kansas City by 475.3% during the 4th quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock valued at $38,000 after buying an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CP shares. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Barclays set a $99.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, April 30th. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. ATB Cormark Capital Markets downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Finally, Royal Bank Of Canada reduced their price target on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.89.

Canadian Pacific Kansas City Trading Down 2.1%

NYSE:CP opened at $85.10 on Friday. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $89.42. The business has a fifty day moving average price of $82.24 and a 200-day moving average price of $77.72. The firm has a market capitalization of $75.55 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.86 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm posted $1.06 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.3%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is currently 20.68%.

About Canadian Pacific Kansas City

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.