Aberdeen Group plc Reduces Holdings in Canadian Pacific Kansas City Limited $CP

Aberdeen Group plc lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 389,238 shares of the transportation company’s stock after selling 37,440 shares during the quarter. Aberdeen Group plc’s holdings in Canadian Pacific Kansas City were worth $28,771,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $27,000. Caldwell Trust Co acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $30,000. Cornerstone Planning Group LLC raised its stake in Canadian Pacific Kansas City by 205.5% in the 3rd 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 last quarter. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth about $35,000. Finally, SJS Investment Consulting Inc. acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.1%

CP stock opened at $83.85 on Wednesday. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $85.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The firm’s fifty day moving average is $75.18 and its 200 day moving average is $74.51. The firm has a market cap of $75.27 billion, a PE ratio of 25.96, a P/E/G ratio of 1.78 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business earned $1.29 earnings per share. Canadian Pacific Kansas City’s revenue was up 1.3% on a year-over-year basis. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be given a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CP. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Jefferies Financial Group set a $90.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Susquehanna set a $87.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

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.