Canadian Pacific Kansas City Limited $CP Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.6% during the third quarter, HoldingsChannel.com reports. The firm owned 561,968 shares of the transportation company’s stock after selling 33,376 shares during the period. Canadian Pacific Kansas City comprises approximately 1.5% of Marathon Asset Management Ltd’s holdings, making the stock its 29th biggest holding. Marathon Asset Management Ltd’s holdings in Canadian Pacific Kansas City were worth $41,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 0.8% in the second quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after acquiring an additional 139 shares during the last quarter. Accretive Wealth Partners LLC lifted its stake in shares of Canadian Pacific Kansas City by 1.3% in the 2nd quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock valued at $936,000 after purchasing an additional 157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian Pacific Kansas City by 9.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,153 shares of the transportation company’s stock worth $171,000 after purchasing an additional 177 shares during the period. Assenagon Asset Management S.A. increased its position in Canadian Pacific Kansas City by 0.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 28,857 shares of the transportation company’s stock worth $2,282,000 after purchasing an additional 181 shares in the last quarter. Finally, Tanager Wealth Management LLP lifted its position in Canadian Pacific Kansas City by 5.5% during the second quarter. Tanager Wealth Management LLP now owns 3,456 shares of the transportation company’s stock valued at $274,000 after buying an additional 181 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 0.2%

Shares of CP opened at $74.71 on Monday. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The stock has a 50-day moving average price of $72.83 and a 200 day moving average price of $75.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The company has a market capitalization of $67.03 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.88 and a beta of 1.11.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same period in the previous year, the company earned $0.99 earnings per share. Sell-side 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, January 26th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.91 annualized dividend and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CP. Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Citigroup cut their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Royal Bank Of Canada decreased their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City 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.