Canadian Pacific Kansas City Limited $CP Shares Sold by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 24.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 46,424 shares of the transportation company’s stock after selling 15,202 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Canadian Pacific Kansas City were worth $3,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CP. Prosperity Bancshares Inc acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $29,000. McMillan Office Inc. purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $31,000. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Finally, Wealth Watch Advisors INC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CP shares. Argus set a $105.00 price target on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, June 24th. Citigroup lifted their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. 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 report on Thursday, June 25th. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.30.

Canadian Pacific Kansas City Trading Up 0.1%

NYSE:CP opened at $87.91 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $91.52. 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 stock has a fifty day moving average price of $87.29 and a two-hundred day moving average price of $81.62. The stock has a market capitalization of $77.80 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 1.72 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its 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 company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 earnings per share. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.75 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. 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 24.07%.

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.