Canadian Pacific Kansas City Limited $CP Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 616,956 shares of the transportation company’s stock after selling 24,858 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of Canadian Pacific Kansas City worth $45,426,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $36,000. Cornerstone Planning Group LLC grew its position in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after buying an additional 335 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $35,000. Aventura Private Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $37,000. Finally, McIlrath & Eck LLC grew its position in shares of Canadian Pacific Kansas City by 475.3% during the fourth quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after buying an additional 423 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $89.16 on Thursday. The stock has a 50 day moving average price of $83.96 and a 200 day moving average price of $79.27. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $79.10 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $91.50.

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 analysts’ consensus estimates of $0.78 by ($0.02). The business had revenue of $2.66 billion during 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 for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared 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 yield of 1.2%. 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. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.68%.

Analyst Ratings Changes

A number of brokerages have recently commented on CP. Barclays set a $99.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Friday, May 29th. Royal Bank Of Canada lowered 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 report on Thursday, April 30th. Finally, Citigroup boosted 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.50.

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.