Canadian Pacific Kansas City Limited $CP Stock: Louisbourg Investments Inc. Decreases Stake

Key Points

• Louisbourg Investments cut its Canadian Pacific Kansas City stake by 57.4% in the third quarter, selling 11,908 shares and retaining 8,846 shares valued at approximately $756,000. Institutional investors collectively own 72.2% of the company.
• Analysts maintain a generally positive outlook, with CP receiving a “Moderate Buy” consensus rating and an average price target of $111.83, above its reported trading price of $87.26.
• Canadian Pacific Kansas City beat quarterly earnings expectations with $0.92 in EPS and $2.93 billion in revenue, while announcing a quarterly dividend of C$0.27, equivalent to a 1.2% annualized yield.

Louisbourg Investments Inc. decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 57.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,846 shares of the transportation company's stock after selling 11,908 shares during the quarter. Louisbourg Investments Inc.'s holdings in Canadian Pacific Kansas City were worth $756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fiduciary Financial Advisors acquired a new position in shares of Canadian Pacific Kansas City during the second quarter worth approximately $25,000. Jones Financial Companies Lllp bought a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $44,000. Knuff & Co LLC bought a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $50,000. Western Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $50,000. Finally, Chilton Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 192.3% in the second quarter. Chilton Capital Management LLC now owns 684 shares of the transportation company's stock worth $59,000 after acquiring an additional 450 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CP shares. Citigroup reaffirmed a "cautious" rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 7th. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce increased their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an "outperformer" rating in a report on Thursday, June 25th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Finally, Wells Fargo & Company raised their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $111.83.

Canadian Pacific Kansas City Trading Up 0.8%

Shares of CP opened at $87.26 on Wednesday. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $96.90. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $76.36 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 1.82 and a beta of 1.13. The stock's 50-day moving average price is $89.39 and its 200 day moving average price is $88.04.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.89 billion. During the same quarter in the prior year, the firm posted $1.12 EPS. The company's revenue for the quarter was up 12.6% on a year-over-year basis. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.68 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a C$0.27 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio is presently 24.76%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited NYSE: CP is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.

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