Canadian Pacific Kansas City Limited $CP Shares Sold by Artemis Investment Management LLP

Key Points

• Artemis Investment Management LLP reduced its position in Canadian Pacific Kansas City by 63.8% in Q4, selling 95,367 shares and retaining 54,045 shares worth about $3.98 million.
• CPKC missed quarterly expectations, reporting EPS of $0.76 versus a $0.78 consensus and revenue of $2.66 billion (down 2.5% year‑over‑year versus an expected $2.70 billion).
• The company raised its quarterly dividend to $0.268 from $0.23 (annualized $1.07), representing a 1.2% yield; the dividend is payable July 27 with an ex‑dividend/record date of June 26.

Artemis Investment Management LLP decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 63.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,045 shares of the transportation company's stock after selling 95,367 shares during the quarter. Artemis Investment Management LLP's holdings in Canadian Pacific Kansas City were worth $3,979,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CP. Caldwell Trust Co purchased a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $30,000. Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $36,000. Cornerstone Planning Group LLC raised its position in 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 worth $36,000 after acquiring an additional 335 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at about $35,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $37,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $86.29 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $89.42. The firm has a market capitalization of $76.99 billion, a P/E ratio of 26.63, a P/E/G ratio of 1.86 and a beta of 1.09. The business's 50-day simple moving average is $82.47 and its 200-day simple moving average is $77.13.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.90% and a net margin of 27.20%.The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company posted $1.06 EPS. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.75 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. Stockholders of record on Friday, June 26th will be given a $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.68%.

Analyst Ratings Changes

A number of research firms recently issued reports on CP. Scotiabank lowered Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 9th. Royal Bank Of Canada decreased their price objective on Canadian Pacific Kansas City from $128.00 to $127.00 and set an "outperform" rating on the stock in a research note on Thursday. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 15th. Sanford C. Bernstein raised their price target on shares of 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. Finally, Barclays set a $99.00 price target on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $95.30.

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.

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