Windmill Hill Asset Management Ltd Cuts Stock Holdings in Canadian Pacific Kansas City Limited $CP

Windmill Hill Asset Management Ltd reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 21.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 28,609 shares of the transportation company’s stock after selling 7,596 shares during the quarter. Canadian Pacific Kansas City accounts for about 0.7% of Windmill Hill Asset Management Ltd’s investment portfolio, making the stock its 10th largest holding. Windmill Hill Asset Management Ltd’s holdings in Canadian Pacific Kansas City were worth $2,250,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in CP. Invesco Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 1.3% during the fourth quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after acquiring an additional 303,464 shares in the last quarter. FIL Ltd lifted its stake in Canadian Pacific Kansas City by 20.2% in the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after acquiring an additional 2,804,686 shares during the period. Norges Bank bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $978,558,000. Geode Capital Management LLC boosted its holdings in Canadian Pacific Kansas City by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock valued at $661,339,000 after acquiring an additional 461,724 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in Canadian Pacific Kansas City by 21.9% during the 4th quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock valued at $620,925,000 after purchasing an additional 1,517,323 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CP. Wells Fargo & Company raised their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Citizens Jmp initiated coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday. They issued a “market perform” rating for the company. ATB Cormark Capital Markets lowered shares of 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 reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, June 24th. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One 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 data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.91.

Canadian Pacific Kansas City Stock Up 2.6%

Shares of NYSE:CP opened at $92.84 on Friday. The stock has a fifty day simple moving average of $88.09 and a two-hundred day simple moving average of $82.69. The stock has a market capitalization of $82.17 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 1.81 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $93.30. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Canadian Pacific Kansas City’s revenue was down 2.5% on a year-over-year basis. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.68 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. The ex-dividend date is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is presently 24.07%.

Canadian Pacific Kansas City Company 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.