Duff & Phelps Investment Management Co. Reduces Holdings in Canadian Pacific Kansas City Limited $CP

Duff & Phelps Investment Management Co. lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 379,288 shares of the transportation company’s stock after selling 14,180 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Canadian Pacific Kansas City were worth $28,254,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CP. Vanguard Group Inc. grew its stake in Canadian Pacific Kansas City by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock worth $2,884,826,000 after buying an additional 510,633 shares during the last quarter. Invesco Ltd. increased 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 worth $1,549,210,000 after buying an additional 2,559,104 shares during the period. Mackenzie Financial Corp lifted its stake in Canadian Pacific Kansas City by 0.9% in the second quarter. Mackenzie Financial Corp now owns 16,498,767 shares of the transportation company’s stock valued at $1,311,512,000 after buying an additional 150,963 shares during the last quarter. JPMorgan Chase & Co. lifted 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 buying an additional 7,454,810 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Canadian Pacific Kansas City by 16.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,850,737 shares of the transportation company’s stock valued at $1,018,952,000 after acquiring an additional 1,792,388 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 1.0%

NYSE:CP opened at $83.11 on Thursday. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $89.42. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $78.73 and its 200-day simple moving average is $75.72. The firm has a market cap of $74.63 billion, a P/E ratio of 25.73, a PEG ratio of 1.80 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the business earned $1.29 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

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

Analysts Set New Price Targets

CP has been the topic of a number of research reports. National Bank Financial lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Finally, Evercore reduced their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.00.

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.