Canadian Pacific Kansas City Limited $CP Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,248,626 shares of the transportation company’s stock after selling 589,883 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Canadian Pacific Kansas City were worth $368,143,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Intech Investment Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after acquiring an additional 2,940 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter valued at approximately $35,000. Sivia Capital Partners LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at approximately $206,000. Prudential Financial Inc. increased its holdings in Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after purchasing an additional 415 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Canadian Pacific Kansas City by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after purchasing an additional 369 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 0.4%

NYSE:CP opened at $93.53 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $89.72 and its two-hundred day moving average is $85.41. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $94.66. The company has a market cap of $82.16 billion, a PE ratio of 30.08, a P/E/G ratio of 1.84 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the firm earned $1.12 EPS. The business’s revenue was up 12.6% on a year-over-year basis. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CP shares. ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. Canadian Imperial Bank of Commerce upped their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Evercore set a $99.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Citizens Jmp began coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

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.