Susquehanna Advisors Group Inc. Lowers Stock Holdings in Canadian Pacific Kansas City Limited $CP

Susquehanna Advisors Group Inc. cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 83.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,400 shares of the transportation company’s stock after selling 80,000 shares during the quarter. Susquehanna Advisors Group Inc.’s holdings in Canadian Pacific Kansas City were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth about $8,041,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Canadian Pacific Kansas City by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 68,034 shares of the transportation company’s stock valued at $5,895,000 after purchasing an additional 794 shares in the last quarter. Capital Advisors Inc. OK purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter worth approximately $344,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Canadian Pacific Kansas City by 59.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 128,663 shares of the transportation company’s stock worth $11,149,000 after buying an additional 48,190 shares during the period. Finally, Van ECK Associates Corp increased its stake in Canadian Pacific Kansas City by 7.0% during the 2nd quarter. Van ECK Associates Corp now owns 387,458 shares of the transportation company’s stock worth $33,572,000 after buying an additional 25,216 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Citigroup lifted their target price on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings raised Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Canadian Pacific Kansas City Stock Down 0.1%

Shares of Canadian Pacific Kansas City stock opened at $94.04 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90. The company has a market capitalization of $82.60 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.83 and a beta of 1.10. The company has a 50 day moving average of $90.92 and a 200 day moving average of $86.76.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the firm posted $1.12 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is 25.08%.

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.