Canadian Pacific Kansas City Limited $CP Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 48.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,613 shares of the transportation company’s stock after selling 91,556 shares during the period. Public Sector Pension Investment Board’s holdings in Canadian Pacific Kansas City were worth $7,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at $1,012,065,000. JPMorgan Chase & Co. increased its position in shares of Canadian Pacific Kansas City by 87.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock worth $1,268,325,000 after purchasing an additional 7,454,810 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Canadian Pacific Kansas City by 281.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company’s stock valued at $430,540,000 after buying an additional 4,005,942 shares during the period. Franklin Resources Inc. lifted its position in Canadian Pacific Kansas City by 31.3% in the second quarter. Franklin Resources Inc. now owns 11,611,625 shares of the transportation company’s stock valued at $921,881,000 after buying an additional 2,765,424 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Canadian Pacific Kansas City by 15.1% during the second quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock worth $1,549,210,000 after buying an additional 2,559,104 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Sunday. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Finally, Citigroup cut their price objective on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $83.85 on Wednesday. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $85.15. The stock has a market capitalization of $75.27 billion, a PE ratio of 25.96, a PEG ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The stock has a 50-day simple moving average of $75.18 and a 200-day simple moving average of $74.51.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the business earned $1.29 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 20.43%.

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.