Canadian Pacific Kansas City Limited $CP Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,125,000 shares of the transportation company’s stock after selling 6,500 shares during the period. Canadian Pacific Kansas City accounts for approximately 0.4% of Alberta Investment Management Corp’s portfolio, making the stock its 28th largest position. Alberta Investment Management Corp’s holdings in Canadian Pacific Kansas City were worth $82,827,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CP. Vanguard Group Inc. raised its holdings in Canadian Pacific Kansas City by 1.3% during the third quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock worth $2,884,826,000 after purchasing an additional 510,633 shares in the last quarter. Invesco Ltd. raised its position in Canadian Pacific Kansas City by 18.3% during the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after acquiring an additional 3,585,030 shares during the last quarter. FIL Ltd grew its holdings in Canadian Pacific Kansas City by 20.2% during the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after buying an additional 2,804,686 shares during the last quarter. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $978,558,000. Finally, Geode Capital Management LLC lifted its holdings in Canadian Pacific Kansas City by 5.5% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent analyst reports. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Friday, May 29th. Scotiabank downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.40.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of Canadian Pacific Kansas City stock opened at $86.06 on Friday. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.52. The company has a market capitalization of $76.35 billion, a PE ratio of 26.56, a P/E/G ratio of 1.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The business has a 50-day moving average of $86.18 and a 200-day moving average of $80.69.

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 business had revenue of $2.66 billion during 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 revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 EPS. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a $0.268 dividend. 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. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.68%.

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.