M&T Bank Corp decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 81.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,695 shares of the transportation company’s stock after selling 61,767 shares during the quarter. M&T Bank Corp’s holdings in Canadian Pacific Kansas City were worth $1,008,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Caldwell Trust Co acquired a new position in Canadian Pacific Kansas City during the third quarter worth approximately $30,000. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth approximately $35,000. Cornerstone Planning Group LLC increased its position in 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 during the period. Wealth Watch Advisors INC acquired a new position in Canadian Pacific Kansas City during the third quarter worth approximately $36,000. Finally, Aventura Private Wealth LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Key Stories Impacting Canadian Pacific Kansas City
Here are the key news stories impacting Canadian Pacific Kansas City this week:
- Positive Sentiment: Citigroup raised its price target on CP to $97 and reaffirmed a “buy” rating, signaling near-term upside from current levels. BayStreet Article
- Positive Sentiment: Royal Bank of Canada left a very high target (trimmed to $127) and an “outperform” rating — both firms imply substantial upside that supports buyer interest. Benzinga Article
- Positive Sentiment: CPKC raised its quarterly dividend ~17.5% to $0.268 (annualized yield ~1.2%), which is supportive for income-focused shareholders and can buoy the share price.
- Positive Sentiment: The company released a press statement framing Q1 as “resilient,” reporting adjusted metrics and management commentary emphasizing operational improvements — this upbeat tone helps sentiment. PR Newswire Release
- Neutral Sentiment: CPKC will webcast executives at the Bank of America Industrials, Transportation & Airlines conference on May 13 — an opportunity for management to provide forward-looking color but not an immediate catalyst. PR Newswire Conference Notice
- Neutral Sentiment: Company Q1 presentation and the annual meeting transcript were posted for investors to review – useful for due diligence but largely informational. Q1 Presentation AGM Transcript
- Negative Sentiment: Independent outlets (Zacks, MarketBeat) flagged that CP missed some consensus Q1 EPS and revenue estimates and that revenue fell year-over-year on certain reported measures — this creates near-term earnings disappointment risk. Zacks Coverage MarketBeat Coverage
Analyst Upgrades and Downgrades
Read Our Latest Analysis on Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Up 3.2%
Canadian Pacific Kansas City stock opened at $86.98 on Friday. 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 fifty-two week low of $68.42 and a fifty-two week high of $89.42. The stock’s fifty day moving average is $82.47 and its two-hundred day moving average is $77.13. The firm has a market capitalization of $77.61 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.90%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 EPS. Analysts predict that Canadian Pacific Kansas City Limited will post 3.74 EPS for the current fiscal year.
Canadian Pacific Kansas City Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.2%. This is a boost 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 currently 20.74%.
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.
Read More
Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP).
Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.
