Swiss National Bank Sells 176,000 Shares of Canadian Pacific Kansas City Limited $CP

Swiss National Bank lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,650,993 shares of the transportation company’s stock after selling 176,000 shares during the period. Swiss National Bank owned approximately 0.29% of Canadian Pacific Kansas City worth $197,524,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City during the second quarter worth about $1,012,065,000. JPMorgan Chase & Co. raised its stake in Canadian Pacific Kansas City by 87.2% in the second quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock valued at $1,268,325,000 after purchasing an additional 7,454,810 shares in the last quarter. Fisher Asset Management LLC raised its stake in Canadian Pacific Kansas City by 281.0% in the second quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company’s stock valued at $430,540,000 after purchasing an additional 4,005,942 shares in the last quarter. Franklin Resources Inc. lifted its position in Canadian Pacific Kansas City by 31.3% during the second quarter. Franklin Resources Inc. now owns 11,611,625 shares of the transportation company’s stock valued at $921,881,000 after purchasing an additional 2,765,424 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Canadian Pacific Kansas City by 15.1% during the second quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock valued at $1,549,210,000 after purchasing an additional 2,559,104 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. National Bank Financial lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Citigroup reduced 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. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Stock Up 1.2%

Shares of NYSE CP opened at $83.95 on Tuesday. The stock has a market capitalization of $75.39 billion, a P/E ratio of 25.99, a PEG ratio of 1.78 and a beta of 1.05. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $89.42. The firm’s 50 day simple moving average is $78.35 and its two-hundred day simple moving average is $75.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is currently 20.43%.

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.