Bristol John W & Co. Inc. NY Sells 37,458 Shares of Canadian Pacific Kansas City Limited $CP

Bristol John W & Co. Inc. NY lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,888,498 shares of the transportation company’s stock after selling 37,458 shares during the period. Canadian Pacific Kansas City accounts for about 2.2% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 12th largest position. Bristol John W & Co. Inc. NY owned approximately 0.21% of Canadian Pacific Kansas City worth $140,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CP. Twin Peaks Wealth Advisors LLC bought a new stake in Canadian Pacific Kansas City in the second quarter valued at $27,000. Caldwell Trust Co acquired a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $30,000. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth about $35,000. Cornerstone Planning Group LLC boosted its position in shares of Canadian Pacific Kansas City by 205.5% during 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 in the last quarter. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $39,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP stock opened at $81.09 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. The business has a 50-day simple moving average of $78.88 and a two-hundred day simple moving average of $75.76. The company has a market capitalization of $72.81 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS 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 during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the company earned $1.29 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research 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 business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CP. Barclays set a $93.00 target price on Canadian Pacific Kansas City in a research report on Thursday, January 29th. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Citigroup decreased their price objective on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, January 30th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

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.