Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,073 shares of the transportation company’s stock after selling 740 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Canadian Pacific Kansas City were worth $6,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CP. Vanguard Group Inc. raised its position in shares of Canadian Pacific Kansas City by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock worth $2,662,978,000 after purchasing an additional 491,966 shares during the period. Causeway Capital Management LLC raised its position in shares of Canadian Pacific Kansas City by 76.5% during the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock worth $1,116,632,000 after purchasing an additional 6,687,770 shares during the period. Mackenzie Financial Corp raised its position in shares of Canadian Pacific Kansas City by 1.8% during the 4th quarter. Mackenzie Financial Corp now owns 15,348,282 shares of the transportation company’s stock worth $1,110,111,000 after purchasing an additional 276,223 shares during the period. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $914,090,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Canadian Pacific Kansas City by 11.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company’s stock worth $899,805,000 after purchasing an additional 1,262,913 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Royal Bank Of Canada decreased their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Citigroup increased their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Evercore ISI decreased their price objective on Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Finally, Susquehanna reissued a “positive” rating and issued a $94.00 price objective (up from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.95.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $81.13 on Wednesday. The stock has a fifty day moving average price of $80.27 and a two-hundred day moving average price of $76.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. The firm has a market cap of $74.75 billion, a P/E ratio of 27.41, a PEG ratio of 2.27 and a beta of 1.07. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 22.30%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.