JPMorgan Chase & Co. Sells 6,302,414 Shares of Canadian Pacific Kansas City Limited $CP

JPMorgan Chase & Co. decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 39.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,486,920 shares of the transportation company’s stock after selling 6,302,414 shares during the quarter. JPMorgan Chase & Co.’s holdings in Canadian Pacific Kansas City were worth $698,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CP. Intech Investment Management LLC lifted its stake in Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares during the last quarter. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. Sivia Capital Partners LLC bought a new position in shares of Canadian Pacific Kansas City during the second quarter valued at $206,000. Prudential Financial Inc. raised its stake in shares of Canadian Pacific Kansas City by 8.7% during the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after acquiring an additional 415 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 369 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.3%

CP opened at $90.29 on Wednesday. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $91.50. 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 fifty day moving average of $84.83 and a 200-day moving average of $79.83. The stock has a market cap of $80.10 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the company earned $1.06 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be issued a $0.268 dividend. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is 20.68%.

Analyst Ratings Changes

CP has been the topic of several analyst reports. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. 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, March 31st. ATB Cormark Capital Markets lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. Finally, Royal Bank Of Canada lowered their target price 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.22.

Canadian Pacific Kansas City Company 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.