Canadian Pacific Kansas City Limited $CP Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 45.0% during the 1st quarter, Holdings Channel reports. The fund owned 20,833 shares of the transportation company’s stock after selling 17,057 shares during the period. Louisbourg Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $29,000. McMillan Office Inc. purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $31,000. Wealth Watch Advisors INC purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $36,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CP. Evercore set a $91.00 target price on Canadian Pacific Kansas City and gave the stock an “outperform” rating in a research note on Thursday. Susquehanna reissued a “positive” rating and issued a $104.00 price target on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. Sanford C. Bernstein upped their price objective on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Canadian Imperial Bank of Commerce raised their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday. Finally, ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.30.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $87.81 on Friday. The business has a 50-day moving average of $86.74 and a 200 day moving average of $81.18. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $91.52. The stock has a market capitalization of $77.71 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 1.88 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 issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The business 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%.The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed 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. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 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.