Consulta Ltd Reduces Holdings in Canadian Pacific Kansas City Limited $CP

Consulta Ltd reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,275,000 shares of the transportation company’s stock after selling 475,000 shares during the quarter. Canadian Pacific Kansas City makes up 8.2% of Consulta Ltd’s investment portfolio, making the stock its 7th biggest position. Consulta Ltd’s holdings in Canadian Pacific Kansas City were worth $167,508,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City in the 4th quarter worth about $26,000. Gilpin Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter worth about $29,000. McMillan Office Inc. bought a new position in Canadian Pacific Kansas City in the 4th quarter worth about $31,000. Wealth Watch Advisors INC bought a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $36,000. Finally, Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter worth about $35,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Down 4.0%

NYSE:CP opened at $85.60 on Thursday. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $91.52. The firm has a 50 day moving average of $86.05 and a 200 day moving average of $80.59. 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 stock has a market capitalization of $75.93 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.91 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the company earned $1.06 EPS. The company’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 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Friday, May 29th. Royal Bank Of Canada lowered their price target 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. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce set a $140.00 price target on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 9th. Finally, Scotiabank cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. 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 company presently has an average rating of “Moderate Buy” and an average price target of $103.40.

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.