Corient Private Wealth LLC Decreases Position in Canadian Pacific Kansas City Limited $CP

Corient Private Wealth LLC lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 360,679 shares of the transportation company’s stock after selling 57,322 shares during the quarter. Corient Private Wealth LLC’s holdings in Canadian Pacific Kansas City were worth $26,571,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

CP has been the subject of several analyst reports. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Royal Bank Of Canada cut their price objective on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce set a $140.00 price objective on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 9th. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.40.

Canadian Pacific Kansas City Stock Down 0.4%

Shares of Canadian Pacific Kansas City stock opened at $85.67 on Tuesday. The business has a 50-day moving average price of $86.35 and a 200 day moving average price of $80.88. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $91.52. The firm has a market cap of $75.82 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.84 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 released its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 EPS. On average, sell-side analysts forecast 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 company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 1.3%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.68%.

Canadian Pacific Kansas City 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.