Canadian Pacific Kansas City Limited $CP Shares Sold by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 32.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,909 shares of the transportation company’s stock after selling 68,800 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Canadian Pacific Kansas City were worth $10,609,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Dilation Capital Management LP raised its position in shares of Canadian Pacific Kansas City by 4.4% in the 3rd quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock valued at $12,683,000 after purchasing an additional 7,105 shares in the last quarter. Meixler Investment Management Ltd. acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $1,644,000. AGF Management Ltd. raised its position in shares of Canadian Pacific Kansas City by 9.9% in the 3rd quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock valued at $149,215,000 after purchasing an additional 180,419 shares in the last quarter. Nicola Wealth Management LTD. raised its position in shares of Canadian Pacific Kansas City by 46.8% in the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock valued at $10,539,000 after purchasing an additional 45,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Canadian Pacific Kansas City by 1.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock valued at $83,985,000 after purchasing an additional 14,916 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.4%

NYSE:CP opened at $83.50 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $82.44 and its two-hundred day moving average is $77.19. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $89.42. The company has a market cap of $74.13 billion, a PE ratio of 25.77, a P/E/G ratio of 1.78 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its 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). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $1.06 EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.75 EPS 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. Shareholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.68%.

Analyst Ratings Changes

CP has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Royal Bank Of Canada decreased their price objective on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Barclays set a $99.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $95.30.

About Canadian Pacific Kansas City

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.