Dilation Capital Management LP Sells 16,422 Shares of Canadian Pacific Kansas City Limited $CP

Dilation Capital Management LP lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,847 shares of the transportation company’s stock after selling 16,422 shares during the quarter. Canadian Pacific Kansas City makes up about 5.2% of Dilation Capital Management LP’s holdings, making the stock its 9th biggest position. Dilation Capital Management LP’s holdings in Canadian Pacific Kansas City were worth $11,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CP. Invesco Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 18.3% in the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after acquiring an additional 3,585,030 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 281.2% in the 3rd quarter. Lazard Asset Management LLC now owns 1,379,393 shares of the transportation company’s stock valued at $102,711,000 after acquiring an additional 1,017,576 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Canadian Pacific Kansas City by 1,840.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,072,760 shares of the transportation company’s stock valued at $78,987,000 after acquiring an additional 1,017,464 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Canadian Pacific Kansas City by 818,578.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 925,107 shares of the transportation company’s stock valued at $68,911,000 after acquiring an additional 924,994 shares during the period. Finally, QV Investors Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $53,667,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.0%

Shares of Canadian Pacific Kansas City stock opened at $86.28 on Monday. 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 quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The company’s 50-day simple moving average is $82.49 and its 200-day simple moving average is $78.23. The firm has a market cap of $76.59 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (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 analyst estimates of $2.70 billion. During the same quarter last year, the firm earned $1.06 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. As a group, equities 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 paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. 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. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CP shares. Citigroup lifted their target price 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. Sanford C. Bernstein lifted their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. Scotiabank cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Evercore decreased their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.89.

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.