Altshuler Shaham Ltd Trims Stock Holdings in Canadian Pacific Kansas City Limited $CP

Altshuler Shaham Ltd reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 41.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,622 shares of the transportation company’s stock after selling 8,062 shares during the quarter. Altshuler Shaham Ltd’s holdings in Canadian Pacific Kansas City were worth $856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC lifted its position in Canadian Pacific Kansas City by 16.0% during the first 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 purchased a new position in Canadian Pacific Kansas City during the first quarter worth about $35,000. Sivia Capital Partners LLC purchased a new position in Canadian Pacific Kansas City during the second quarter worth about $206,000. Prudential Financial Inc. lifted its position in Canadian Pacific Kansas City by 8.7% during the second 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 lifted its position in Canadian Pacific Kansas City by 39.3% during the second 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. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

CP stock opened at $85.60 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $91.52. The firm has a market cap of $75.93 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. The stock has a 50-day simple moving average of $86.05 and a 200-day simple moving average of $80.59.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted 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). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business posted $1.06 EPS. Canadian Pacific Kansas City’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This is a boost 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 yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is 20.68%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CP. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. 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. 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. Argus set a $105.00 price target on Canadian Pacific Kansas City in a research note on Tuesday. Finally, Susquehanna restated a “positive” rating and set a $104.00 price target on shares of Canadian Pacific Kansas City in a research note on Friday, June 5th. 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’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

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.