JPMorgan Chase & Co. Has $698.52 Million Holdings in Canadian Pacific Kansas City Limited $CP

JPMorgan Chase & Co. lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 39.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,486,920 shares of the transportation company’s stock after selling 6,302,414 shares during the period. JPMorgan Chase & Co. owned about 1.06% of Canadian Pacific Kansas City worth $698,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. Wealth Watch Advisors INC acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $36,000. Aventura Private Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $37,000. McIlrath & Eck LLC lifted its holdings in shares of Canadian Pacific Kansas City by 475.3% during the 4th quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after acquiring an additional 423 shares during the period. Finally, Albion Financial Group UT lifted its holdings in shares of Canadian Pacific Kansas City by 451.7% during the 4th quarter. Albion Financial Group UT now owns 640 shares of the transportation company’s stock worth $47,000 after acquiring an additional 524 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Scotiabank downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Sanford C. Bernstein upped their price target on shares of 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. Barclays set a $99.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.22.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $90.29 on Wednesday. The company has a market cap of $80.10 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $84.83 and a 200-day moving average of $79.83. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 EPS. As a group, equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is currently 20.68%.

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.