Walter Public Investments Inc. Sells 25,202 Shares of Canadian Pacific Kansas City Limited $CP

Walter Public Investments Inc. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 143,331 shares of the transportation company’s stock after selling 25,202 shares during the period. Canadian Pacific Kansas City accounts for approximately 1.9% of Walter Public Investments Inc.’s portfolio, making the stock its 25th biggest holding. Walter Public Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $10,550,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth about $35,000. Cornerstone Planning Group LLC increased its stake in shares of Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the period. Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $36,000. Aventura Private Wealth LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $37,000. Finally, McIlrath & Eck LLC increased its stake in shares of Canadian Pacific Kansas City by 475.3% in the fourth quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after purchasing an additional 423 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday. Barclays set a $99.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, April 30th. 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. Sanford C. Bernstein boosted their price target 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. Finally, Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.89.

Canadian Pacific Kansas City Trading Down 1.5%

Shares of CP opened at $89.26 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $91.46. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $79.24 billion, a price-to-earnings ratio of 27.55, a P/E/G 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 $78.84.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be paid a $0.268 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. 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.