Canadian Pacific Kansas City Limited $CP Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Key Points

• Empirical Wealth Management trimmed its stake by 42.7% in Canadian Pacific Kansas City Limited (NYSE:CP) during Q4, selling 25,772 shares and leaving 34,651 shares valued at about $2.55 million.
• CPKC missed quarterly EPS expectations, reporting $0.95 per share versus the $0.99 consensus while revenue was $2.85 billion, up 1.3% year-over-year.
• Company declared a quarterly dividend of $0.228 per share (annualized $0.91) payable April 27 with an ex-dividend date of March 27, implying a yield of roughly 1.2%.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 42.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,651 shares of the transportation company's stock after selling 25,772 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Canadian Pacific Kansas City were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC increased its holdings in shares of Canadian Pacific Kansas City by 0.8% in the third quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company's stock valued at $1,326,000 after purchasing an additional 145 shares during the period. Brookstone Capital Management raised its stake in shares of 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 during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Canadian Pacific Kansas City by 3.1% during 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 during the period. Signaturefd LLC boosted its position in Canadian Pacific Kansas City by 1.0% in the third quarter. Signaturefd LLC now owns 20,235 shares of the transportation company's stock valued at $1,507,000 after buying an additional 207 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Canadian Pacific Kansas City by 0.8% in the third quarter. NewEdge Advisors LLC now owns 27,039 shares of the transportation company's stock valued at $2,014,000 after buying an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 1.2%

Shares of NYSE:CP opened at $78.93 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $89.42. The business has a 50 day moving average of $81.06 and a two-hundred day moving average of $76.12. The company has a market capitalization of $70.82 billion, a PE ratio of 24.44, a PEG ratio of 1.66 and a beta of 1.07.

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 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the business earned $1.29 EPS. Canadian Pacific Kansas City's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CP shares. Royal Bank Of Canada reissued an "outperform" rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Sanford C. Bernstein upped their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a "market perform" rating in a report on Tuesday. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, January 30th. Finally, Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 8th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $91.82.

Canadian Pacific Kansas City Company 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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