Rathbones Group PLC Boosts Stake in Canadian Pacific Kansas City Limited $CP

Rathbones Group PLC increased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,729,339 shares of the transportation company’s stock after buying an additional 95,727 shares during the period. Rathbones Group PLC’s holdings in Canadian Pacific Kansas City were worth $127,342,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Frank Rimerman Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock valued at $1,326,000 after purchasing an additional 145 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in shares of Canadian Pacific Kansas City by 8.1% in the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 145 shares during the last quarter. Fortune Financial Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after purchasing an additional 158 shares during the last quarter. Brookstone Capital Management raised its stake in Canadian Pacific Kansas City by 1.2% during the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after acquiring an additional 176 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in Canadian Pacific Kansas City by 3.1% during the 3rd quarter. Advisory Services Network LLC now owns 6,764 shares of the transportation company’s stock valued at $504,000 after acquiring an additional 204 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on CP shares. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Sunday. Royal Bank Of Canada reduced their price objective on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Barclays set a $99.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Citigroup upped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.89.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $86.29 on Thursday. The company has a market cap of $76.60 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09. The stock has a 50 day simple moving average of $82.37 and a 200-day simple moving average of $78.01. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $89.42. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its 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 business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the company posted $1.06 earnings per share. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 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.