Janney Montgomery Scott LLC Sells 7,502 Shares of Canadian Pacific Kansas City Limited $CP

Janney Montgomery Scott LLC lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,303 shares of the transportation company’s stock after selling 7,502 shares during the period. Janney Montgomery Scott LLC’s holdings in Canadian Pacific Kansas City were worth $6,238,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CP. Rothschild & Co Wealth Management UK Ltd raised its stake in Canadian Pacific Kansas City by 0.9% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after buying an additional 48,258 shares in the last quarter. Cardinal Capital Management Inc. raised its position in shares of Canadian Pacific Kansas City by 3.7% in the 4th quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock worth $114,094,000 after acquiring an additional 55,423 shares in the last quarter. Mirabella Financial Services LLP lifted its stake in shares of Canadian Pacific Kansas City by 364.7% during the 3rd quarter. Mirabella Financial Services LLP now owns 19,946 shares of the transportation company’s stock worth $1,483,000 after purchasing an additional 15,654 shares during the last quarter. Rathbones Group PLC boosted its position in Canadian Pacific Kansas City by 5.9% during the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after purchasing an additional 95,727 shares in the last quarter. Finally, Korea Investment CORP grew its stake in Canadian Pacific Kansas City by 6.8% in the third quarter. Korea Investment CORP now owns 650,877 shares of the transportation company’s stock valued at $48,486,000 after purchasing an additional 41,233 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 0.1%

NYSE CP opened at $87.91 on Friday. The company has a fifty day simple moving average of $87.29 and a two-hundred day simple moving average of $81.62. The stock has a market cap of $77.80 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.72 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $91.52. 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 posted its quarterly earnings data 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 company had revenue of $2.66 billion for 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 quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 earnings per share. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.75 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders 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 dividend on an annualized basis 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 presently 24.07%.

Wall Street Analyst Weigh In

CP has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. 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. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.30.

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.