OMERS ADMINISTRATION Corp Lowers Holdings in Canadian Pacific Kansas City Limited $CP

OMERS ADMINISTRATION Corp decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 37.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 250,000 shares of the transportation company’s stock after selling 150,000 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Canadian Pacific Kansas City were worth $19,611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $978,558,000. Janus Henderson Group PLC grew its holdings in Canadian Pacific Kansas City by 586.1% in the fourth quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock valued at $452,781,000 after purchasing an additional 5,251,755 shares during the period. FIL Ltd grew its holdings in Canadian Pacific Kansas City by 20.2% in the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after purchasing an additional 2,804,686 shares during the period. Bessemer Group Inc. increased its position in Canadian Pacific Kansas City by 5,826.3% during the first quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company’s stock worth $199,605,000 after purchasing an additional 2,502,104 shares during the last quarter. Finally, Canoe Financial LP increased its position in Canadian Pacific Kansas City by 45,389.7% during the first quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company’s stock worth $159,885,000 after purchasing an additional 2,028,010 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP opened at $92.40 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $93.95. The company has a 50 day moving average of $88.86 and a two-hundred day moving average of $83.39. The company has a market cap of $81.78 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.84 and a beta of 1.10. The company has a quick ratio of 0.57, a current ratio of 0.67 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 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the business posted $1.06 EPS. The business’s revenue was down 2.5% on a year-over-year basis. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.69 earnings per share 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. Investors of record on Friday, June 26th will be issued a $0.268 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is currently 24.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CP. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Canadian Imperial Bank of Commerce upped their price objective on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th. Sanford C. Bernstein increased 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 cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Finally, Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $104.91.

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.