Natixis Advisors LLC Trims Stock Holdings in Canadian Pacific Kansas City Limited $CP

Natixis Advisors LLC lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 616,956 shares of the transportation company’s stock after selling 24,858 shares during the period. Natixis Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $45,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meixler Investment Management Ltd. purchased a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $1,644,000. Rothschild & Co Wealth Management UK Ltd lifted its stake in Canadian Pacific Kansas City by 0.9% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock valued at $394,156,000 after buying an additional 48,258 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Canadian Pacific Kansas City by 1.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock valued at $83,985,000 after buying an additional 14,916 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Canadian Pacific Kansas City by 7.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 153,448 shares of the transportation company’s stock worth $11,430,000 after purchasing an additional 10,726 shares during the last quarter. Finally, Templeton & Phillips Capital Management LLC raised its stake in shares of Canadian Pacific Kansas City by 100.0% during the third quarter. Templeton & Phillips Capital Management LLC now owns 28,660 shares of the transportation company’s stock worth $2,135,000 after purchasing an additional 14,330 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Friday, May 29th. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada cut their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $96.50.

Canadian Pacific Kansas City Trading Down 1.1%

Shares of CP stock opened at $89.16 on Thursday. The business’s fifty day moving average price is $83.96 and its 200 day moving average price is $79.27. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.50. The firm has a market capitalization of $79.10 billion, a PE ratio of 27.52, a P/E/G ratio of 1.93 and a beta of 1.09. 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 (NYSE:CP) (TSE:CP) last announced its quarterly earnings data 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 return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the company earned $1.06 EPS. The company’s revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a dividend of $0.268 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.68%.

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.