Baillie Gifford & Co. Decreases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Baillie Gifford & Co. has decreased its shareholding in Canadian Pacific Kansas City Limited by 3.5%, selling 41,850 shares to hold a total of 1,164,566 shares valued at approximately $81.7 million.
• Institutional ownership of Canadian Pacific Kansas City is currently at 72.20%, with several firms altering their positions, including a notable 70% increase by Concurrent Investment Advisors LLC.
• The company has announced a quarterly dividend increase to $0.1644 per share, up from the previous $0.13, reflecting a boost in its annualized dividend yield to 0.86%.

Baillie Gifford & Co. trimmed its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,164,566 shares of the transportation company's stock after selling 41,850 shares during the period. Baillie Gifford & Co. owned 0.13% of Canadian Pacific Kansas City worth $81,716,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. McCollum Christoferson Group LLC raised its position in shares of Canadian Pacific Kansas City by 2.1% in the 1st quarter. McCollum Christoferson Group LLC now owns 63,220 shares of the transportation company's stock worth $4,437,000 after acquiring an additional 1,285 shares in the last quarter. Riposte Capital LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter valued at about $6,319,000. Elefante Mark B purchased a new stake in Canadian Pacific Kansas City in the first quarter valued at about $361,000. Journey Strategic Wealth LLC raised its stake in Canadian Pacific Kansas City by 24.2% in the first quarter. Journey Strategic Wealth LLC now owns 7,532 shares of the transportation company's stock valued at $529,000 after buying an additional 1,468 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its stake in Canadian Pacific Kansas City by 14.9% in the first quarter. Argonautica Private Wealth Management Inc. now owns 4,424 shares of the transportation company's stock valued at $311,000 after buying an additional 573 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Royal Bank Of Canada cut their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Citigroup increased their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Bank of America increased their price objective on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Susquehanna reissued a "positive" rating and issued a $94.00 price objective (up from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price of $91.95.

Canadian Pacific Kansas City Price Performance

CP stock traded down $0.38 during mid-day trading on Wednesday, reaching $75.81. 1,181,277 shares of the company's stock were exchanged, compared to its average volume of 3,184,655. The company has a market cap of $69.59 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 2.12 and a beta of 1.07. The stock's 50 day moving average is $80.12 and its 200 day moving average is $76.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. Canadian Pacific Kansas City's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.