Louisbourg Investments Inc. Lowers Stock Position in Canadian Pacific Kansas City Limited $CP

Louisbourg Investments Inc. trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 45.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,833 shares of the transportation company’s stock after selling 17,057 shares during the quarter. Louisbourg Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $1,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Intech Investment Management LLC raised its position in shares of Canadian Pacific Kansas City by 16.0% during 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 bought a new position in Canadian Pacific Kansas City in the 1st quarter worth $35,000. Sivia Capital Partners LLC purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter worth $206,000. Prudential Financial Inc. increased its stake in 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 buying an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 369 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.9%

CP opened at $87.81 on Friday. The company has a market capitalization of $77.71 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 1.88 and a beta of 1.09. The firm has a 50-day simple moving average of $86.74 and a two-hundred day simple moving average of $81.18. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $91.52.

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). The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 26th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.

Analyst Upgrades and Downgrades

CP has been the topic of several research analyst reports. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday. Canadian Imperial Bank of Commerce lifted their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday. Susquehanna reissued a “positive” rating and issued a $104.00 price target on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Evercore set a $91.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.30.

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.