Canadian Pacific Kansas City Limited $CP Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,658 shares of the transportation company’s stock after selling 7,215 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $20,172,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Rothschild & Co Wealth Management UK Ltd boosted its holdings in Canadian Pacific Kansas City by 0.9% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after purchasing an additional 48,258 shares during the period. Cardinal Capital Management Inc. increased its stake in Canadian Pacific Kansas City by 3.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock valued at $114,094,000 after purchasing an additional 55,423 shares during the last quarter. Mirabella Financial Services LLP raised its holdings in shares of Canadian Pacific Kansas City by 364.7% during the third quarter. Mirabella Financial Services LLP now owns 19,946 shares of the transportation company’s stock worth $1,483,000 after purchasing an additional 15,654 shares during the period. Rathbones Group PLC raised its holdings in shares of Canadian Pacific Kansas City by 5.9% during the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock worth $127,342,000 after purchasing an additional 95,727 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after buying an additional 37,044 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $93.70 on Friday. 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 market capitalization of $82.93 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.86 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $93.95. The stock’s fifty day moving average is $88.24 and its two-hundred day moving average is $82.77.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates 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 revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $1.06 EPS. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on CP shares. Wells Fargo & Company lifted their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Weiss Ratings upgraded Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $104.91.

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.