Canadian Pacific Kansas City Limited $CP Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 145,105 shares of the transportation company’s stock after selling 9,743 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Canadian Pacific Kansas City were worth $10,684,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Canadian Pacific Kansas City by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock worth $2,884,826,000 after buying an additional 510,633 shares in the last quarter. Invesco Ltd. lifted its holdings in 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 buying an additional 3,585,030 shares in the last quarter. Norges Bank acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $978,558,000. Geode Capital Management LLC lifted its holdings in 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 worth $661,339,000 after buying an additional 461,724 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in 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 worth $620,925,000 after buying an additional 1,517,323 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 0.6%

Shares of NYSE:CP opened at $89.63 on Thursday. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $91.50. The company’s 50 day moving average is $85.07 and its two-hundred day moving average is $79.98. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The company has a market cap of $79.51 billion, a PE ratio of 27.66, a P/E/G ratio of 1.93 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data 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 net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is currently 20.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Citigroup increased their target price on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce set a $140.00 target price on shares of Canadian Pacific Kansas City in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.22.

Canadian Pacific Kansas City Company 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.