Brasada Capital Management LP Cuts Stock Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Brasada Capital Management LP has decreased its stake in Canadian Pacific Kansas City Limited by 6.4%, now holding 176,452 shares valued at approximately $11.85 million.
• Several institutional investors have increased their positions in Canadian Pacific, with Dimensional Fund Advisors LP boosting its holdings by 96.1% during the fourth quarter.
• The company recently announced an increase in its quarterly dividend to $0.1651 per share, representing an annualized yield of 0.9%.

Brasada Capital Management LP cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,452 shares of the transportation company's stock after selling 12,086 shares during the quarter. Canadian Pacific Kansas City makes up about 2.2% of Brasada Capital Management LP's holdings, making the stock its 12th biggest holding. Brasada Capital Management LP's holdings in Canadian Pacific Kansas City were worth $11,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Trust Advisors LP grew its position in Canadian Pacific Kansas City by 29.9% during the 4th quarter. First Trust Advisors LP now owns 47,503 shares of the transportation company's stock valued at $3,438,000 after purchasing an additional 10,943 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Canadian Pacific Kansas City by 96.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 881,400 shares of the transportation company's stock valued at $63,780,000 after purchasing an additional 431,924 shares during the last quarter. Northern Trust Corp grew its position in Canadian Pacific Kansas City by 3.6% during the 4th quarter. Northern Trust Corp now owns 2,445,300 shares of the transportation company's stock valued at $176,966,000 after purchasing an additional 85,381 shares during the last quarter. Lido Advisors LLC grew its position in Canadian Pacific Kansas City by 6.5% during the 4th quarter. Lido Advisors LLC now owns 9,517 shares of the transportation company's stock valued at $690,000 after purchasing an additional 580 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its position in Canadian Pacific Kansas City by 38.6% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,207 shares of the transportation company's stock valued at $232,000 after purchasing an additional 893 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down $0.35 during midday trading on Thursday, hitting $76.33. The stock had a trading volume of 1,054,910 shares, compared to its average volume of 3,203,951. The firm's fifty day moving average is $77.15 and its two-hundred day moving average is $76.51. The company has a market capitalization of $69.74 billion, a PE ratio of 23.79, a P/E/G ratio of 2.13 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The company's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 earnings per share. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's payout ratio is 20.25%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays increased their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Susquehanna restated a "positive" rating and set a $94.00 target price (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. Bank of America upped their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Stephens upped their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Company Profile

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.