Pictet North America Advisors SA Reduces Position in Canadian Pacific Kansas City Limited $CP

Pictet North America Advisors SA reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 86.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 39,625 shares of the transportation company’s stock after selling 252,965 shares during the period. Pictet North America Advisors SA’s holdings in Canadian Pacific Kansas City were worth $2,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. raised its stake in Canadian Pacific Kansas City by 18.3% in the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after buying an additional 3,585,030 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Canadian Pacific Kansas City by 16.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,850,737 shares of the transportation company’s stock worth $1,018,952,000 after buying an additional 1,792,388 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Canadian Pacific Kansas City by 17.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,219,835 shares of the transportation company’s stock worth $649,575,000 after acquiring an additional 1,204,732 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Canadian Pacific Kansas City by 281.2% during the 3rd quarter. Lazard Asset Management LLC now owns 1,379,393 shares of the transportation company’s stock worth $102,711,000 after acquiring an additional 1,017,576 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Canadian Pacific Kansas City by 818,578.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 925,107 shares of the transportation company’s stock valued at $68,911,000 after acquiring an additional 924,994 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $78.02 on Thursday. The stock’s 50-day moving average is $80.93 and its two-hundred day moving average is $76.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $89.42. The firm has a market cap of $70.00 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.67 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. Analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 20.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein raised their target price 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. National Bank Financial downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Finally, Evercore reduced their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.82.

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.