Allspring Global Investments Holdings LLC Sells 187,324 Shares of Canadian Pacific Kansas City Limited $CP

Allspring Global Investments Holdings LLC lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,299,197 shares of the transportation company’s stock after selling 187,324 shares during the quarter. Canadian Pacific Kansas City comprises approximately 0.7% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 17th largest holding. Allspring Global Investments Holdings LLC’s holdings in Canadian Pacific Kansas City were worth $413,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CP. Rothschild & Co Wealth Management UK Ltd increased its holdings in Canadian Pacific Kansas City by 0.9% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after purchasing an additional 48,258 shares in the last quarter. Cardinal Capital Management Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 3.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock valued at $114,094,000 after purchasing an additional 55,423 shares in the last quarter. Mirabella Financial Services LLP lifted its holdings in shares of Canadian Pacific Kansas City by 364.7% in the third quarter. Mirabella Financial Services LLP now owns 19,946 shares of the transportation company’s stock valued at $1,483,000 after purchasing an additional 15,654 shares in the last quarter. Rathbones Group PLC boosted its position in shares of Canadian Pacific Kansas City by 5.9% during the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after buying an additional 95,727 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock valued at $46,434,000 after buying an additional 37,044 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the topic of a number of analyst reports. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Canadian Imperial Bank of Commerce increased their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Citizens Jmp initiated coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday. They set a “market perform” rating on the stock. Citigroup boosted their price target 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, Susquehanna upped their price objective on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.91.

Canadian Pacific Kansas City Stock Up 2.6%

Shares of NYSE CP opened at $92.84 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. 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 Limited has a one year low of $68.42 and a one year high of $93.30. The business’s fifty day moving average price is $88.09 and its 200-day moving average price is $82.69.

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 the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $1.06 EPS. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a $0.268 dividend. 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. The ex-dividend date of this dividend is Friday, June 26th. 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.