Walter Public Investments Inc. Sells 25,202 Shares of Canadian Pacific Kansas City Limited $CP

Walter Public Investments Inc. reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.0% during the 4th quarter, HoldingsChannel reports. The firm owned 143,331 shares of the transportation company’s stock after selling 25,202 shares during the quarter. Canadian Pacific Kansas City makes up approximately 1.9% of Walter Public Investments Inc.’s holdings, making the stock its 25th biggest holding. Walter Public Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $10,550,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CP. Intech Investment Management LLC grew its stake in shares of Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Sivia Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $206,000. Prudential Financial Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 8.7% in the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after acquiring an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after acquiring an additional 369 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Down 1.5%

NYSE:CP opened at $89.26 on Friday. The stock’s fifty day moving average price is $83.32 and its two-hundred day moving average price is $78.84. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $91.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The company has a market cap of $79.24 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 1.91 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the company posted $1.06 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current 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 issued a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. 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 several recent analyst reports. ATB Cormark Capital Markets downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Royal Bank Of Canada reduced their target price on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Sanford C. Bernstein boosted their target price on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.89.

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.