Vanguard Group Inc. Sells 703,781 Shares of Canadian Pacific Kansas City Limited $CP

Vanguard Group Inc. lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,030,675 shares of the transportation company’s stock after selling 703,781 shares during the period. Vanguard Group Inc.’s holdings in Canadian Pacific Kansas City were worth $2,799,894,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Caldwell Trust Co bought a new position in Canadian Pacific Kansas City in the third quarter worth approximately $30,000. Wealth Watch Advisors INC bought a new position in Canadian Pacific Kansas City in the third quarter worth approximately $36,000. Cornerstone Planning Group LLC raised its position in 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 acquiring an additional 335 shares during the period. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the first quarter worth approximately $35,000. Finally, Aventura Private Wealth LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $37,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of Canadian Pacific Kansas City from $86.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Scotiabank downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Barclays decreased their price target on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, March 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Finally, Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.80.

Canadian Pacific Kansas City Stock Performance

CP opened at $86.64 on Wednesday. The stock has a market capitalization of $77.31 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 1.88 and a beta of 1.07. The company has a fifty day moving average of $82.42 and a 200 day moving average of $77.01. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $89.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.74 earnings per share for the current fiscal year.

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.