Canadian Pacific Kansas City Limited $CP Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,037 shares of the transportation company’s stock after selling 8,337 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Canadian Pacific Kansas City were worth $14,655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CP. Intech Investment Management LLC increased its holdings in Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after buying an additional 2,940 shares during the period. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Sivia Capital Partners LLC acquired a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $206,000. Prudential Financial Inc. increased its holdings in Canadian Pacific Kansas City by 8.7% in the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after buying an additional 415 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after buying an additional 369 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CP. Barclays set a $99.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Evercore lowered their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada lowered their price objective on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $95.89.

Canadian Pacific Kansas City Trading Down 0.5%

Canadian Pacific Kansas City stock opened at $86.28 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $89.42. The stock’s 50 day simple moving average is $82.49 and its two-hundred day simple moving average is $78.17. The firm has a market cap of $76.59 billion, a PE ratio of 26.63, a P/E/G ratio of 1.85 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data 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 company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the company posted $1.06 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This is a positive change 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 payout ratio is 24.07%.

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.