Walter Public Investments Inc. Sells 29,659 Shares of Canadian Pacific Kansas City Limited $CP

Walter Public Investments Inc. trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 20.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 113,672 shares of the transportation company’s stock after selling 29,659 shares during the period. Canadian Pacific Kansas City makes up about 2.1% of Walter Public Investments Inc.’s investment portfolio, making the stock its 24th largest position. Walter Public Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $8,945,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Prosperity Bancshares Inc purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $29,000. McMillan Office Inc. purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $31,000. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth approximately $35,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth approximately $36,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $87.91 on Friday. The stock’s 50-day moving average is $87.29 and its 200 day moving average is $81.62. The stock has a market cap of $77.80 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 1.72 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.52. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.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 earned $1.06 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.75 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. 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 presently 24.07%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Evercore set a $91.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “outperform” rating in a report on Thursday, June 25th. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th. Finally, Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $104.30.

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.