Canadian Pacific Kansas City Limited $CP Shares Sold by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,371,627 shares of the transportation company’s stock after selling 140,185 shares during the quarter. Canadian Pacific Kansas City makes up about 2.8% of Mufg Securities Canada LTD.’s holdings, making the stock its 13th largest position. Mufg Securities Canada LTD.’s holdings in Canadian Pacific Kansas City were worth $101,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC raised its stake in shares of Canadian Pacific Kansas City by 3.4% during the 4th quarter. Mariner LLC now owns 126,353 shares of the transportation company’s stock worth $9,306,000 after buying an additional 4,124 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Canadian Pacific Kansas City by 4.3% during the 4th quarter. Focus Partners Wealth now owns 737,018 shares of the transportation company’s stock worth $54,270,000 after buying an additional 30,297 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Canadian Pacific Kansas City by 166.6% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 431,965 shares of the transportation company’s stock worth $31,806,000 after buying an additional 269,965 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. raised its stake in shares of Canadian Pacific Kansas City by 1.7% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 296,953 shares of the transportation company’s stock worth $21,940,000 after buying an additional 4,980 shares during the last quarter. Finally, Eventide Asset Management LLC raised its stake in shares of Canadian Pacific Kansas City by 8.1% during the 4th quarter. Eventide Asset Management LLC now owns 3,188 shares of the transportation company’s stock worth $237,000 after buying an additional 239 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.1%

CP opened at $89.99 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The stock has a market capitalization of $79.84 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The business has a 50-day moving average of $85.52 and a two-hundred day moving average of $80.26. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $91.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly 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). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm earned $1.06 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.76 earnings per share 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. Stockholders of record on Friday, June 26th will be issued 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 an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup lifted their price objective on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Barclays set a $99.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Royal Bank Of Canada decreased their price target on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Finally, Susquehanna reaffirmed a “positive” rating and set a $104.00 price target on shares of Canadian Pacific Kansas City in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.22.

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.