K.J. Harrison & Partners Inc Sells 32,453 Shares of Canadian Pacific Kansas City Limited $CP

K.J. Harrison & Partners Inc lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 35.3% in the 1st quarter, HoldingsChannel reports. The firm owned 59,607 shares of the transportation company’s stock after selling 32,453 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Canadian Pacific Kansas City were worth $4,681,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $978,558,000. Janus Henderson Group PLC lifted its holdings in Canadian Pacific Kansas City by 586.1% during the fourth quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock worth $452,781,000 after buying an additional 5,251,755 shares during the period. Invesco Ltd. boosted its position in Canadian Pacific Kansas City by 18.3% during the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after acquiring an additional 3,585,030 shares in the last quarter. FIL Ltd boosted its position in Canadian Pacific Kansas City by 20.2% during the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after acquiring an additional 2,804,686 shares in the last quarter. Finally, Canoe Financial LP increased its holdings in shares of Canadian Pacific Kansas City by 45,389.7% in the 1st quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company’s stock valued at $159,885,000 after acquiring an additional 2,028,010 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.1%

NYSE CP opened at $87.91 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $91.52. The company has a fifty day simple moving average of $87.29 and a two-hundred day simple moving average of $81.62. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The stock has a market cap of $77.80 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.72 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly 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). The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 EPS. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.75 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend 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 presently 24.07%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CP shares. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, June 24th. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Finally, ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $104.30.

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.