11 Capital Partners LP Sells 70,997 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• 11 Capital Partners LP sold 70,997 shares of Canadian Pacific Kansas City, cutting its stake by 18.8% to 306,308 shares worth about $22.82M and representing roughly 6.5% of its portfolio (the fund's 2nd-largest position).
• CPKC missed quarterly EPS expectations ($0.95 vs. $0.99) while revenue matched estimates at $2.85B, and the company announced a quarterly dividend of $0.228 (annualized $0.91, ~1.1% yield; ex-dividend Mar 27, payable Apr 27).
• Analysts are generally constructive with an average rating of "Moderate Buy" (10 Buys, 4 Holds) and an average target price of $92, though a few firms recently trimmed ratings and targets.

11 Capital Partners LP lowered its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,308 shares of the transportation company's stock after selling 70,997 shares during the quarter. Canadian Pacific Kansas City comprises about 6.5% of 11 Capital Partners LP's investment portfolio, making the stock its 2nd biggest position. 11 Capital Partners LP's holdings in Canadian Pacific Kansas City were worth $22,817,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $27,000. Caldwell Trust Co bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $30,000. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter valued at about $35,000. Cornerstone Planning Group LLC raised its position in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company's stock valued at $36,000 after buying an additional 335 shares during the last quarter. Finally, SJS Investment Consulting Inc. bought a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at about $39,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Evercore decreased their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an "outperform" rating on the stock in a research note on Thursday, January 29th. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Tuesday, March 3rd. Finally, National Bank Financial lowered shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 8th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average target price of $92.00.

Canadian Pacific Kansas City Trading Down 2.4%

Shares of CP stock opened at $81.09 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $89.42. The company has a market capitalization of $72.81 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.76 and a beta of 1.06. The firm has a 50-day moving average price of $78.88 and a 200 day moving average price of $75.76. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.Canadian Pacific Kansas City's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 earnings per share. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 20.43%.

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.

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