Canadian Pacific Kansas City Limited $CP Shares Sold by Banque Transatlantique SA

Banque Transatlantique SA decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 142,830 shares of the transportation company’s stock after selling 30,467 shares during the period. Banque Transatlantique SA’s holdings in Canadian Pacific Kansas City were worth $10,514,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CP. 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 valued at $143,000 after acquiring an additional 145 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Canadian Pacific Kansas City by 3.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock worth $371,000 after purchasing an additional 157 shares during the period. Fortune Financial Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock worth $1,003,000 after buying an additional 158 shares during the last quarter. Brookstone Capital Management lifted its position in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock worth $1,057,000 after buying an additional 176 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Canadian Pacific Kansas City by 2.1% in the 4th quarter. Vident Advisory LLC now owns 9,637 shares of the transportation company’s stock valued at $710,000 after buying an additional 201 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $86.06 on Friday. The company has a 50-day moving average price of $86.18 and a two-hundred day moving average price of $80.69. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $91.52. The stock has a market cap of $76.35 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09. 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 (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $1.06 EPS. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a $0.268 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is 20.68%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of recent research reports. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Scotiabank cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Argus set a $105.00 target price on Canadian Pacific Kansas City in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce set a $140.00 target price on Canadian Pacific Kansas City in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.40.

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.