Prospera Financial Services Inc Decreases Position in Canadian Pacific Kansas City Limited $CP

Prospera Financial Services Inc reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,854 shares of the transportation company’s stock after selling 30,294 shares during the period. Prospera Financial Services Inc’s holdings in Canadian Pacific Kansas City were worth $8,827,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CP. Invesco Ltd. lifted its position in shares of Canadian Pacific Kansas City by 18.3% during the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after purchasing an additional 3,585,030 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Canadian Pacific Kansas City by 281.2% during the 3rd quarter. Lazard Asset Management LLC now owns 1,379,393 shares of the transportation company’s stock worth $102,711,000 after purchasing an additional 1,017,576 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Canadian Pacific Kansas City by 1,840.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,072,760 shares of the transportation company’s stock worth $78,987,000 after purchasing an additional 1,017,464 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Canadian Pacific Kansas City by 818,578.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 925,107 shares of the transportation company’s stock worth $68,911,000 after purchasing an additional 924,994 shares during the last quarter. Finally, QV Investors Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $53,667,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein lifted their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada decreased their price objective on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Finally, Barclays set a $99.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.89.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $86.28 on Monday. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $89.42. The stock has a market cap of $76.59 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.85 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. The firm has a fifty day moving average price of $82.49 and a 200 day moving average price of $78.23.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results 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 net margin of 27.20% and a return on equity of 8.86%. 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 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 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. This is a boost 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 dividend payout ratio is presently 20.68%.

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.