Natixis Advisors LLC Decreases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Natixis Advisors LLC has decreased its holdings in Canadian Pacific Kansas City Limited by 7.1%, owning approximately 0.07% of the company after selling 47,281 shares in the first quarter.
• Canadian Pacific Kansas City reported a $0.74 EPS for the last quarter, meeting analysts' estimates, along with an 8.0% increase in revenue compared to the same quarter last year.
• The company has declared a new quarterly dividend of $0.1651 per share, marking an increase from the previous dividend and yielding 0.9% annually.

Natixis Advisors LLC lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 621,545 shares of the transportation company's stock after selling 47,281 shares during the period. Natixis Advisors LLC owned about 0.07% of Canadian Pacific Kansas City worth $43,639,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CP. Bank of New York Mellon Corp lifted its holdings in shares of Canadian Pacific Kansas City by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company's stock worth $74,807,000 after buying an additional 31,508 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 70.0% in the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company's stock valued at $421,000 after buying an additional 2,467 shares in the last quarter. CX Institutional acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $61,000. Janney Montgomery Scott LLC boosted its holdings in Canadian Pacific Kansas City by 28.8% in the first quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company's stock valued at $7,106,000 after acquiring an additional 22,606 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Canadian Pacific Kansas City by 1.0% in the first quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company's stock valued at $2,012,000 after acquiring an additional 290 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

CP traded down $0.66 on Friday, reaching $72.89. The stock had a trading volume of 3,538,129 shares, compared to its average volume of 2,920,402. The company has a market capitalization of $66.91 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06. The firm has a 50-day moving average of $79.74 and a 200-day moving average of $76.94. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.68%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a $0.1651 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio is 20.56%.

Analyst Ratings Changes

CP has been the topic of a number of recent analyst reports. 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 report on Tuesday, June 24th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Bank of America boosted their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Finally, Barclays upped their target price on 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average price target 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.