Canadian Pacific Kansas City Limited $CP Shares Sold by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments cut its stake in Canadian Pacific Kansas City by 87.6% in Q4, selling 19,466 shares and leaving 2,755 shares valued at about $203,000.
• CPKC reported a quarterly EPS miss ($0.95 vs. $0.99 consensus) with revenue of $2.85B, and declared a quarterly dividend of $0.228 per share (annualized $0.91, ~1.0% yield; ex-dividend March 27, payable April 27).
• Large investors such as Vanguard and Invesco increased positions and institutions own roughly 72.2% of the stock; analysts' consensus rating is a "Moderate Buy" with a $93.80 average price target.

Montrusco Bolton Investments Inc. decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 87.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,755 shares of the transportation company's stock after selling 19,466 shares during the period. Montrusco Bolton Investments Inc.'s holdings in Canadian Pacific Kansas City were worth $203,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Canadian Pacific Kansas City by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company's stock valued at $2,884,826,000 after purchasing an additional 510,633 shares during the last quarter. Invesco Ltd. raised its position in Canadian Pacific Kansas City by 18.3% in the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company's stock valued at $1,722,841,000 after purchasing an additional 3,585,030 shares during the last quarter. CIBC Asset Management Inc raised its position in Canadian Pacific Kansas City by 9.1% in the 3rd quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company's stock valued at $623,937,000 after purchasing an additional 698,705 shares during the last quarter. Legal & General Group Plc raised its position in Canadian Pacific Kansas City by 6.1% in the 3rd quarter. Legal & General Group Plc now owns 7,193,408 shares of the transportation company's stock valued at $535,836,000 after purchasing an additional 413,042 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Canadian Pacific Kansas City by 3.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,021,956 shares of the transportation company's stock valued at $450,623,000 after purchasing an additional 187,066 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Up 0.9%

Shares of Canadian Pacific Kansas City stock opened at $86.93 on Friday. The company has a market cap of $77.56 billion, a P/E ratio of 26.91, a PEG ratio of 1.86 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $89.42. The firm has a fifty day moving average of $82.29 and a two-hundred day moving average of $76.85.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced 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). The firm had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.74 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.0%. Canadian Pacific Kansas City's dividend payout ratio is 20.74%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CP shares. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Tuesday, March 3rd. Barclays reduced their price target on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an "overweight" rating for the company in a research report on Friday, March 27th. Sanford C. Bernstein upped their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a "market perform" rating in a research report on Tuesday, March 31st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Finally, ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $93.80.

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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