Brasada Capital Management LP Sells 19,074 Shares of Canadian Pacific Kansas City Limited $CP

Brasada Capital Management LP reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 92,886 shares of the transportation company’s stock after selling 19,074 shares during the quarter. Canadian Pacific Kansas City comprises about 1.2% of Brasada Capital Management LP’s portfolio, making the stock its 25th largest holding. Brasada Capital Management LP’s holdings in Canadian Pacific Kansas City were worth $6,915,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Cromwell Holdings LLC increased its holdings in Canadian Pacific Kansas City by 8.1% in the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after buying an additional 145 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in Canadian Pacific Kansas City by 3.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock valued at $371,000 after buying an additional 157 shares during the period. Fortune Financial Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 1.2% during the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after purchasing an additional 158 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Canadian Pacific Kansas City by 1.2% during the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after purchasing an additional 176 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 15.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,518 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 202 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Barclays set a $99.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, April 30th. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $103.22.

Canadian Pacific Kansas City Stock Up 0.8%

NYSE:CP opened at $89.99 on Friday. The firm’s 50 day simple moving average is $85.52 and its 200 day simple moving average is $80.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $91.50. The company has a market cap of $79.84 billion, a PE ratio of 27.78, a P/E/G ratio of 1.93 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a $0.268 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.68%.

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.