Barclays PLC Raises Stock Position in Canadian Pacific Kansas City Limited $CP

Barclays PLC increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,261,276 shares of the transportation company’s stock after acquiring an additional 14,086 shares during the quarter. Barclays PLC owned approximately 0.36% of Canadian Pacific Kansas City worth $240,128,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Gilpin Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $29,000. McMillan Office Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $31,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $35,000. Wealth Watch Advisors INC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $36,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.1%

Shares of CP opened at $89.99 on Monday. 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 $91.50. The firm has a 50-day moving average price of $85.52 and a 200 day moving average price of $80.26. The firm has a market capitalization of $79.84 billion, a P/E ratio of 27.78, a P/E/G ratio of 1.93 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data 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 net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company posted $1.06 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a $0.268 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is currently 20.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CP shares. Royal Bank Of Canada dropped their target price on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Susquehanna reaffirmed a “positive” rating and set a $104.00 target price on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. Barclays set a $99.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Sanford C. Bernstein upped their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Finally, Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.22.

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.