Canadian Pacific Kansas City Limited $CP Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 22.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,757 shares of the transportation company’s stock after selling 7,610 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Canadian Pacific Kansas City were worth $2,026,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CP. Prosperity Bancshares Inc acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $29,000. McMillan Office Inc. purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $31,000. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter worth about $35,000. Finally, Wealth Watch Advisors INC purchased a new stake in Canadian Pacific Kansas City during the third quarter worth about $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $92.40 on Friday. The stock has a market capitalization of $81.78 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.82 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $93.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The firm’s 50-day moving average is $88.71 and its two-hundred day moving average is $83.33.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.69 earnings per share for the current 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 paid a $0.268 dividend. The ex-dividend date is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 24.07%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Susquehanna upped their price target on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Argus set a $105.00 target price on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $104.91.

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.