Westerkirk Capital Inc. Sells 36,500 Shares of Canadian Pacific Kansas City Limited $CP

Westerkirk Capital Inc. decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 28.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 93,400 shares of the transportation company’s stock after selling 36,500 shares during the quarter. Westerkirk Capital Inc.’s holdings in Canadian Pacific Kansas City were worth $6,879,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC raised its holdings in Canadian Pacific Kansas City by 8.1% in the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock worth $143,000 after purchasing an additional 145 shares in the last quarter. Fortune Financial Advisors LLC raised its holdings in Canadian Pacific Kansas City by 1.2% in the fourth quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock worth $1,003,000 after purchasing an additional 158 shares in the last quarter. Brookstone Capital Management raised its holdings in Canadian Pacific Kansas City by 1.2% in the fourth quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock worth $1,057,000 after purchasing an additional 176 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Canadian Pacific Kansas City by 15.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,518 shares of the transportation company’s stock worth $112,000 after purchasing an additional 202 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Canadian Pacific Kansas City by 3.1% in the third quarter. Advisory Services Network LLC now owns 6,764 shares of the transportation company’s stock worth $504,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.3%

Canadian Pacific Kansas City stock opened at $90.16 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $91.50. The stock has a market capitalization of $79.98 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.09. The business’s fifty day moving average is $84.58 and its 200 day moving average is $79.68.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the business earned $1.06 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is 20.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CP. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Citigroup increased their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Barclays set a $99.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein increased their target price on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.63.

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.