Marathon Asset Management Ltd Cuts Position in Canadian Pacific Kansas City Limited $CP

Marathon Asset Management Ltd lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 561,968 shares of the transportation company’s stock after selling 33,376 shares during the period. Canadian Pacific Kansas City comprises 1.5% of Marathon Asset Management Ltd’s portfolio, making the stock its 29th largest holding. Marathon Asset Management Ltd owned 0.06% of Canadian Pacific Kansas City worth $41,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at approximately $27,000. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth $35,000. Chilton Capital Management LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter worth $49,000. WPG Advisers LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter worth $50,000. Finally, Chapman Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.2%

CP stock opened at $74.71 on Monday. The company has a 50 day moving average price of $72.83 and a two-hundred day moving average price of $75.49. 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 market capitalization of $67.03 billion, a P/E ratio of 22.78, a PEG ratio of 1.88 and a beta of 1.11. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same quarter last year, the business earned $0.99 EPS. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a $0.228 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CP shares. Susquehanna set a $87.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Citigroup cut their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Royal Bank Of Canada reduced their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.69.

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.