Foster Victor Wealth Advisors LLC Has $16.51 Million Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Foster Victor reduced its position: Foster Victor Wealth Advisors cut its stake in Canadian Pacific Kansas City by 14.5% in Q4, selling 38,565 shares and holding 227,633 shares worth about $16.51 million.
• Q4 results and dividend: CP reported quarterly EPS of $0.95 (missing the $0.99 consensus) with revenue of $2.85 billion, and declared a quarterly dividend of $0.228 ($0.91 annualized, ~1.1% yield) payable April 27 (ex-dividend March 27).
• Investor and analyst backdrop: Institutional investors own 72.2% of the company with big increases from Vanguard and Invesco, and analysts hold a "Moderate Buy" consensus with an average price target of $93.80.

Foster Victor Wealth Advisors LLC lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,633 shares of the transportation company's stock after selling 38,565 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Canadian Pacific Kansas City were worth $16,508,000 as of its most recent filing with the Securities and Exchange Commission.

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

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $82.20 on Wednesday. The stock's fifty day simple moving average is $82.14 and its 200 day simple moving average is $76.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. The firm has a market cap of $73.34 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.74 and a beta of 1.07. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $89.42.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City's payout ratio is presently 20.74%.

Analyst Ratings Changes

Several analysts recently commented on the company. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a "market perform" rating in a research note on Tuesday, March 31st. 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 reaffirmed an "outperform" rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Citigroup boosted their price target on Canadian Pacific Kansas City from $86.00 to $93.00 and gave the company a "buy" rating in a research note on Tuesday, April 7th. Finally, Barclays decreased their price target on Canadian Pacific Kansas City from $93.00 to $91.00 and set an "overweight" rating on the stock in a research note on Friday, March 27th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average price target of $93.80.

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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