Canadian Pacific Kansas City Limited $CP Shares Sold by Pictet North America Advisors SA

Pictet North America Advisors SA cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 86.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,625 shares of the transportation company’s stock after selling 252,965 shares during the quarter. Pictet North America Advisors SA’s holdings in Canadian Pacific Kansas City were worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Intech Investment Management LLC boosted its stake in Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after buying an additional 2,940 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. Sivia Capital Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $206,000. Prudential Financial Inc. lifted 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 during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $208,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 0.8%

NYSE:CP opened at $78.02 on Thursday. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $89.42. The firm has a market cap of $70.00 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.67 and a beta of 1.07. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average price of $80.93 and a 200 day moving average price of $76.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.74%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CP. Royal Bank Of Canada reiterated an “outperform” rating and issued a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Citigroup decreased their price target on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Evercore dropped their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $91.82.

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.