Canadian Pacific Kansas City Limited $CP Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,400 shares of the transportation company’s stock after selling 10,700 shares during the period. Forsta AP Fonden’s holdings in Canadian Pacific Kansas City were worth $12,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Frank Rimerman Advisors LLC raised its position in Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock valued at $1,326,000 after purchasing an additional 145 shares in the last quarter. Cromwell Holdings LLC raised its position in shares of Canadian Pacific Kansas City by 8.1% during the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock worth $143,000 after acquiring an additional 145 shares in the last quarter. Fortune Financial Advisors LLC raised its position 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 worth $1,003,000 after acquiring an additional 158 shares in the last quarter. Brookstone Capital Management raised its position 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 worth $1,057,000 after acquiring an additional 176 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position 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 worth $112,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

CP has been the topic of several research analyst reports. Citigroup raised their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Sanford C. Bernstein raised their target price on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Barclays set a $99.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.89.

Canadian Pacific Kansas City Trading Down 0.1%

CP opened at $89.26 on Monday. The firm has a market cap of $79.19 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $91.46. The business’s 50 day moving average is $83.32 and its two-hundred day moving average is $78.89. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly 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). The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $1.06 EPS. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.76 EPS 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. Shareholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a 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 of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.68%.

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.