Mufg Securities Canada LTD. Reduces Stock Position in Canadian Pacific Kansas City Limited $CP

Mufg Securities Canada LTD. reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,511,812 shares of the transportation company’s stock after selling 65,219 shares during the period. Canadian Pacific Kansas City accounts for about 3.1% of Mufg Securities Canada LTD.’s holdings, making the stock its 11th largest position. Mufg Securities Canada LTD.’s holdings in Canadian Pacific Kansas City were worth $112,582,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CP. Twin Peaks Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City during the second quarter valued at $27,000. Caldwell Trust Co purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $30,000. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City during the 1st quarter valued at about $35,000. Cornerstone Planning Group LLC raised its position in Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the period. Finally, SJS Investment Consulting Inc. bought a new stake in Canadian Pacific Kansas City in the third quarter worth about $39,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CP has been the topic of a number of analyst reports. Citigroup cut their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. National Bank Financial downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Evercore reduced their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, Barclays set a $93.00 target price on Canadian Pacific Kansas City in a research report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Trading Up 0.4%

Shares of NYSE CP opened at $87.48 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $88.96. The firm has a market cap of $78.53 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The business has a fifty day simple moving average of $76.98 and a two-hundred day simple moving average of $75.11. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.Canadian Pacific Kansas City’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.43%.

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.