Canadian Pacific Kansas City Limited $CP Stake Decreased by Windmill Hill Asset Management Ltd

Windmill Hill Asset Management Ltd reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 21.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 28,609 shares of the transportation company’s stock after selling 7,596 shares during the period. Canadian Pacific Kansas City makes up 0.7% of Windmill Hill Asset Management Ltd’s investment portfolio, making the stock its 10th biggest position. Windmill Hill Asset Management Ltd’s holdings in Canadian Pacific Kansas City were worth $2,250,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CP. Invesco Ltd. raised its position in Canadian Pacific Kansas City by 1.3% during the fourth quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after purchasing an additional 303,464 shares in the last quarter. FIL Ltd boosted its holdings in shares of Canadian Pacific Kansas City by 20.2% in the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after purchasing an additional 2,804,686 shares in the last quarter. Norges Bank bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $978,558,000. Geode Capital Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 5.5% during 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 buying an additional 461,724 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in shares of Canadian Pacific Kansas City by 21.9% during the 4th quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock valued at $620,925,000 after buying an additional 1,517,323 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CP. Wells Fargo & Company boosted their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, June 24th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $97.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.91.

Canadian Pacific Kansas City Trading Up 2.6%

Shares of CP stock opened at $92.84 on Friday. The business has a 50-day moving average of $88.09 and a 200 day moving average of $82.69. 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 $93.30. The stock has a market capitalization of $82.17 billion, a PE ratio of 28.66, a P/E/G ratio of 1.81 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS 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 company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the firm earned $1.06 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.68 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 24.07%.

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.