Canadian Pacific Kansas City Limited $CP Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 87.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,755 shares of the transportation company’s stock after selling 19,466 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $203,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC grew its stake in 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 acquiring an additional 145 shares during the last quarter. Cromwell Holdings LLC grew its stake in 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 acquiring an additional 145 shares during the last quarter. Fortune Financial Advisors LLC grew its stake in 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 acquiring an additional 158 shares during the last quarter. Brookstone Capital Management grew its stake in Canadian Pacific Kansas City by 1.2% in 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 grew its stake in Canadian Pacific Kansas City by 3.1% in 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 institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CP shares. ATB Cormark Capital Markets cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Barclays lowered their price objective on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, March 27th. Citigroup increased their price objective on shares of Canadian Pacific Kansas City from $86.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. 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. Finally, Sanford C. Bernstein increased their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.80.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $86.93 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $89.42. The stock has a market capitalization of $77.56 billion, a P/E ratio of 26.91, a P/E/G ratio of 1.86 and a beta of 1.07. The firm’s 50-day moving average is $82.29 and its two-hundred day moving average is $76.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the business earned $1.29 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.74 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.74%.

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.