Canadian Pacific Kansas City Limited $CP Shares Sold by Allen Investment Management LLC

Allen Investment Management LLC cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 26.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 59,348 shares of the transportation company’s stock after selling 21,443 shares during the period. Allen Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $4,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Canadian Pacific Kansas City by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock valued at $2,884,826,000 after acquiring an additional 510,633 shares during the period. Invesco Ltd. lifted its holdings in shares of Canadian Pacific Kansas City by 18.3% in the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after purchasing an additional 3,585,030 shares in the last quarter. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $978,558,000. Geode Capital Management LLC grew its position in shares of Canadian Pacific Kansas City by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock valued at $661,339,000 after purchasing an additional 461,724 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Canadian Pacific Kansas City by 1.8% during the 4th quarter. Legal & General Group Plc now owns 7,324,191 shares of the transportation company’s stock worth $539,819,000 after purchasing an additional 130,783 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

CP stock opened at $88.69 on Tuesday. The stock’s 50 day moving average is $83.52 and its two-hundred day moving average is $79.02. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $91.46. The company has a market capitalization of $78.68 billion, a PE ratio of 27.37, a P/E/G ratio of 1.91 and a beta of 1.09. 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 issued its 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). The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. Analysts predict that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm 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 $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays set a $99.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Sanford C. Bernstein raised their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.50.

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.