Canadian Pacific Kansas City Limited $CP Shares Sold by Forsta AP Fonden

Forsta AP Fonden decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 171,400 shares of the transportation company’s stock after selling 10,700 shares during the quarter. Forsta AP Fonden’s holdings in Canadian Pacific Kansas City were worth $12,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock valued at $2,884,826,000 after purchasing an additional 510,633 shares during the last quarter. Invesco Ltd. grew its stake in shares of Canadian Pacific Kansas City by 18.3% in the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after purchasing an additional 3,585,030 shares during the last quarter. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $978,558,000. Geode Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock valued at $661,339,000 after purchasing an additional 461,724 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Canadian Pacific Kansas City by 1.8% in the 4th quarter. Legal & General Group Plc now owns 7,324,191 shares of the transportation company’s stock valued at $539,819,000 after purchasing an additional 130,783 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CP. ATB Cormark Capital Markets downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Sanford C. Bernstein lifted 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 note on Tuesday, March 31st. Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Royal Bank Of Canada lowered their target price on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Finally, Citigroup lifted their price target on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.89.

Canadian Pacific Kansas City Stock Down 0.1%

Canadian Pacific Kansas City stock opened at $89.26 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.46. The company has a market cap of $79.19 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. The stock’s 50 day moving average price is $83.32 and its 200 day moving average price is $78.89.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be paid a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.

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.