Canadian Pacific Kansas City Limited $CP Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lowered its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 37.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,220,662 shares of the transportation company’s stock after selling 1,335,702 shares during the quarter. Beutel Goodman & Co Ltd.’s holdings in Canadian Pacific Kansas City were worth $189,571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Canadian Pacific Kansas City during the second quarter worth $802,983,000. The Manufacturers Life Insurance Company purchased a new position in Canadian Pacific Kansas City during the second quarter valued at $657,672,000. Legal & General Group Plc purchased a new position in Canadian Pacific Kansas City during the second quarter valued at $604,797,000. Jupiter Topco LLC bought a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at $576,687,000. Finally, Canada Pension Plan Investment Board bought a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at $542,469,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the topic of several research analyst reports. Susquehanna boosted their price target on shares of Canadian Pacific Kansas City from $98.00 to $105.00 and gave the stock a “positive” rating in a research note on Tuesday, November 3rd. Weiss Ratings lowered Canadian Pacific Kansas City from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 29th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 29th. Citigroup reiterated a “cautious” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 7th. Finally, Citizens Jmp began coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $112.58.

Canadian Pacific Kansas City Trading Up 1.9%

Shares of CP opened at $93.89 on Tuesday. The stock has a market capitalization of $81.72 billion, a PE ratio of 26.67, a P/E/G ratio of 1.99 and a beta of 1.06. The company’s fifty day moving average is $88.52 and its 200 day moving average is $86.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.52. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.83 and a fifty-two week high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 28th. The transportation company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.96 billion. Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.27%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.67 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 25th. Stockholders of record on Thursday, December 31st will be paid a C$0.27 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is currently 24.68%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP), known as CPKC, operates a transcontinental freight railway. Its network connects Canada, the United States and Mexico, providing rail transportation and related logistics services for businesses across North America.

CPKC carries a range of goods, including grain and other agricultural products, intermodal freight, automotive shipments, energy products, chemicals, forest products and industrial materials. Its services include rail freight transportation, intermodal shipping and logistics solutions.

The company was formed in April 2023 through the combination of Canadian Pacific Railway and Kansas City Southern.